News

Law

Asset Management

Investment Banking

Wealth

Hedge Funds

People

Newsletters

Events

Lists

Buy-out firms seal $12bn deal for TDC

A consortium of five private equity firms has won the auction for Danish national telecoms carrier TDC with an offer worth $12bn (€10.2bn), creating Europe's largest buyout.

The offer from Apax Partners, Permira Advisers, Kohlberg Kravis Roberts, Providence Equity Partners and The Blackstone Group, has been recommended by the board of TDC.

WSJ Logo