Private equity firm Dering is sole remaining bidder for TDF: report - Reuters
Private equity firm Dering Capital is in advanced talks to buy French broadcasting masts operator TDF, and is the last remaining bidder after a Canadian consortium dropped out, Les Echos reported on Wednesday. Sources told Reuters in October that Dering, founded in 2011 by Ben Jenkins, ex-Hong Kong head of Blackstone, had submitted a slightly higher first-round bid of about 3.6 billion euros (US$4.9 billion) than the group led by Canadian pension fund PSP Investments. The sellers are TDF shareholders, including the private equity funds TPG with 42 percent, Charterhouse Ardian -previously known as AXA private equity - and France's BPI.
8 January 2014•1 min read
