A series of buyout funds including U.S. firms Advent and Blackstone are in talks...
LONDON - A series of buyout funds including U.S. firms Advent and Blackstone are in talks with advertising group WPP to explore bids for a majority stake in its data analytics unit Kantar, four sources familiar with the matter told Reuters.
Hellman & Friedman and CVC Capital Partners are also working on the deal, the sources said, while industry players have so far shied away from the process. WPP, Blackstone, Advent and CVC declined to comment, while representatives at Bain Capital and Hellman & Friedman were not immediately available. Kantar, a leading player in market research, provides brand and marketing communications research for some of the world’s largest advertisers.
Private equity investors are examining the turnaround potential of a possible deal, the sources said, and would value the business at up to 10 times its earnings before interest, tax, depreciation and amortization , hoping to reignite growth within the first three years of their investment.
इंडिया ताज़ा खबर, इंडिया मुख्य बातें
Similar News:आप इससे मिलती-जुलती खबरें भी पढ़ सकते हैं जिन्हें हमने अन्य समाचार स्रोतों से एकत्र किया है।
Exclusive: India government asked banks to save Jet, avoid bankruptcy - sourcesIndia's government has asked state-run banks to rescue privately held Jet A...
और पढो »
Exclusive: Pompeo to meet oil execs, push U.S. crude exports, Iran policy - sourcesEXCLUSIVE: Pompeo to meet oil executives, push U.S. crude exports, Iran policy - sources
और पढो »
Exclusive: Pompeo to meet oil executives, push U.S. crude exports, Iran policy - sourcesEXCLUSIVE: Pompeo to meet oil executives, push U.S. crude exports, Iran policy - sources
और पढो »
Exclusive: U.S. aims to cut Iran oil exports to under 1 million bpd from May - sourcesExclusive: U.S. aims to cut Iran crude oil exports by about 20 percent to below 1 million barrels per day, sources say
और पढो »
Exclusive: Uber plans to kick off IPO in April - sourcesRide-hailing company Uber Technologies Inc is planning to kick off its initial p...
और पढो »
Exclusive: Some lessors to end deals with Jet, prepare to fly planes out of India - sourcesSome lessors of India's Jet Airways have begun terminating lease deals over...
और पढो »
Exclusive: Indian antitrust watchdog raids Glencore business, others over pulse prices - sourcesIndia's antitrust watchdog raided units of global commodities trader Glenco...
और पढो »
Exclusive: Eldorado Resorts, Caesars explore merger - sourcesU.S. casino operators Eldorado Resorts Inc and Caesars Entertainment Corp are in...
और पढो »
Blackstone belatedly buys into AbenomicsThe U.S. private equity firm is making its Japan LBO debut by acquiring drugmaker Ayumi for $1 bln. It is a retread already owned by two local buyout shops. The government’s newly introduced price controls could squeeze smaller peers, however, and give a rollup strategy a shot.
और पढो »