Swedish investment firm EQT Partners has hired JP Morgan/Chase and Deutsche Bank to prepare the initial public offering or sale of theGerman cabler KabelBW, reports say.
Stockholm-based EQT bought Kabel BW in 2006 from Blackstone Group LP, without giving a price for the purchase. The deal was worth about €1.3 billion, newspapers including the Wall Street Journal said at the time. Kabel BW, which has more than 2.2 million cable subscribers, had sales of €493 million in 2009, according to Bloomberg.
One of the sources told Reuters that a potential deal could be struck by the second quarter of 2011. EQT and KabelBW have not commented on the matter.