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EQT tops Bundesliga media rights bidding at $14bn, trailed by CVC, Blackstone, and Advent

Private Equity Insights

EQT AB is leading the bidding as private equity firms compete for a stake in the media rights business of the Bundesliga, Germany’s main football competition, people with knowledge of the matter said. has pegged it at $13.1bn, the people said, asking not to be identified because the information is private.

Bidding 276
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Takeover Thursday: Private equity’s top takeovers this month

Private Equity Insights

Investor discussions intensified after multiple bid vehicles, including Pug Bidco Limited, were registered on February 24. These entities share an address with BC Partners London office, and their listed director matches the name of Michael Chang, the firms New York-based co-head of healthcare. Read more here. Read more here.

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Northern Oil and Gas makes PE-owned Granite Ridge bid

Private Equity Wire

Granite Ridge is primarily owned by entities controlled by Grey Rock Investment Partners, a private equity firm founded by Matt Miller and Griffin Perry, who serve as co-chairmen. The firm’s other co-founder, Kirk Lazarine, also sits on Granite Ridges board. after the announcement.

Bidding 98
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Focus Group founders dial up £800m sale to private equity firm Hg

Private Equity Insights

The founders of a business telecoms and IT services provider are on the brink of toasting a nine-figure windfall after entering advanced talks to sell it to one of Britain’s leading private equity firms. Insiders said a number of other private equity firms, including Bain Capital, had also explored offers for Focus Group.

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KKR and Bain advance in Seven & i sale

Private Equity Wire

KKR and Bain Capital have each submitted first-round bids exceeding $5bn for the non-core assets of Japan’s Seven & i Holdings, according to a report by Reuters citing sources familiar with the matter. KKR bid approximately JPY800bn ($5.1bn) for York Holdings, a unit being spun off by the Japanese retailer.

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Bain Capital buys Brazilian steakhouse chain Fogo de Chão in $1.1bn deal

Private Equity Insights

Private equity firm Bain Capital on Tuesday agreed to buy Fogo de Chão, in a deal people familiar with the matter said valued the Brazilian steakhouse chain at about $1.1bn, including debt. The deal marks a win for private equity firm Rhone Capital, which took Fogo de Chão private for $560m in 2018.

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Bridgepoint-backed Burger King UK seeks refinancing to fund growth

Private Equity Wire

Burger King UK, the fast-food chain backed by private equity firm Bridgepoint, has launched talks with lenders for a major refinancing, seeking additional capital to support its expansion plans, according to a report by Sky News. Prospective lenders are expected to engage in talks in the coming days.