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Amadeus short lists auction bidders
Amadeus has reportedly short-listed four private equity bidders in an auction that will value the company at more than 4 billion euros.
According to the Financial Times, two British companies have been short-listed, BC Partners and Cinven, as well as the US-based firm Carlyle and CitiGroup Venture Capital (CVC).
The FT reports that CVC owns part of Amadeus’ rival Worldspan, and that combining the two would create “huge synergies” for Citigroup.
Amadeus reportedly confirmed that the four are “final candidates selected by the major shareholders for the second phase of the LBO process”.
If the sale is completed – and the bidders are likely to make their “final offers” early next year, the FT states – the deal would represent the biggest privatisation in the history of the Spanish stock market, where Amadeus is listed.
Report by Tim Gillett, News From Abroad Ltd
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