Private equity funds associated with German banking powerhouse Deutsche Bank AG. (Briefs).(drop out of TeleColumbus AG acquisition hunt)(Brief Article)
Multichannel News, March, 2003
NEW YORK -- Private equity funds associated with German banking powerhouse Deutsche Bank AG dropped out of the running for TeleColum bus AG, a German cable operator with about 1.5 million subscribers. Deutsche Bank's decision leaves three other investment companies in the hunt for the cable assets -- BC Partners, a London-based buyout firm; New York-based Apollo Partners; and a consortium of Apax Partners, Goldman Sachs & Co.
and Providence Equity Partners Inc. Deutsche Bank put the properties on the block about a year ago, but shortly after several buyout funds connected with the bank expressed interest in them. Last Tuesday, a Deutsche Bank spokesman told the Daily Deal that it made the "discussions easier and the situation clearer" for the private...
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