With Cable & Wireless Worldwide Plc languishing as the world’s cheapest telecommunications carrier, Vodafone Group Plc and private equity firms may not be able to resist making offers for the British fiber-network operator.
Apax Partners LLP is close to buying Advantage Sales & Marketing Inc. from private-equity firm J.W. Childs Associates LP and Bank of America Corp. for $1.8 billion, according to a person familiar with the transaction.
Apax Partners LLP hired six banks to arrange more than 1 billion Swiss francs ($1.1 billion) of leveraged financing for its buyout of France Telecom SA’s Orange Switzerland mobile-phone unit, according to two people with knowledge of the deal.
Western Union Co., the world’s largest money-transfer firm, is in talks to buy a division of Apax Partners LLP’s Travelex foreign-exchange business for about $1 billion, according to people with knowledge of the matter.
TPG Capital and Carlyle Group are among private equity companies in talks about purchasing a stake in Reliance Communications Ltd. ’s mobile-phone towers unit, said three people with knowledge of the matter.