Swedish cable operator Com Hem’s second round of bids have been postponed to July 14 after CVC Capital Partners withdrew from the bidding process, The Wall Street Journal reports. Cinven Group and Nordic Capital have partnered to submit a joint bid, while BC Partners will bid by itself.
The sellers, Carlyle Group and Providence Equity Partners, are expecting to raise $2.86 billion from the sale. Deutsche Bank and Morgan Stanley are managing the sale.
Click here for the story from The Wall Street Journal.
Click here for additional coverage from Reuters.