Apax May Join Cinven In Vivendi Professional Titles Acquisition
Two rival venture capital firms, Apax Partners and Cinven, are thought to be in talks to form an alliance in order to acquire the professional publications of Vivendi Universal for around E2 billion (£1.3 billion), according to today’s Financial Times.
Apax would effectively be joining a bid already laid on the table by Cinven at the end of August (see Cinven To Acquire Vivendi Magazine Portfolio For E2bn). The Cinven proposal is expected to be finalised before 30 October. It is not clear how much of the equity Apax would invest in.
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