The highly competitive auction of France Télécom's majority stake in local directories business PagesJaunes is expected to push the enterprise value above €7bn ($8.9bn) when the bidding closes today.

Deal sources said French media company Vivendi was favourite to buy the stake. This would push out the three private equity consortiums: Kohlberg Kravis Roberts, Axa Private Equity, Eurazeo and Goldman Sachs; PAI Partners and BC Partners; and Texas Pacific Group.

James Mawson

Eurazeo

Kohlberg Kravis Roberts

PagesJaunes

France Télécom

Goldman Sachs

Veolia Environnement

BlackRock hires former Wellington exec to lead sustainable assets team

Europe’s impending active ETF ‘tsunami’, and M&G CIO on geopolitical shocks

Europe on the verge of active ETF ‘tsunami’ as Jupiter becomes latest market entrant

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

https://images.fnlondon.com/im-329118?size=1.5

Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

https://images.fnlondon.com/im-81781958?size=1.5

Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

https://images.fnlondon.com/im-06153452?size=1.5

The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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

https://www.wsj.com/?type=allesseh_content_full_list

https://www.fnlondon.com/client

MY ACCOUNT

ABOUT

SECTIONS

unbolded

PagesJaunes tops €7bn

Financial News

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

Bain Capital Ends Pursuit of Fuji Soft

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

Tencent Shares Rise as App Launches DeepSeek Testing