KKR, CVC Are Said to Weigh Teaming Up on Telecom Italia Bid
- Private equity giants hold exploratory talks about joint offer
- Advent’s interest in Telecom Italia transaction cools
A television communications tower inside the headquarters of Telecom Italia SpA in Rozzano, Italy.
Photographer: Francesca Volpi/BloombergThis article is for subscribers only.
Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, a move that would help share the financial burden for Europe’s biggest-ever leveraged buyout, people with knowledge of the matter said.
The two investment firms have held exploratory talks about the potential for a joint offer, according to the people, who asked not to be identified because the information is confidential.