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EQT bids for 100% of Deutsche Telekom’s Scout24 unit

24 Sep 2013

euro_note_170sqSwedish private equity firm EQT is reportedly back in the race for Deutsche Telekom’s Scout24 digital classifieds business.

The firm, which dropped out of the bidding process in the previous round, has submitted an offer for the acquisition of the entire unit, said Germany’s Manager Magazin, citing several people familiar with the situation.

Earlier this month it was reported that private equity firms Apax Partners, TPG Capital, Hellman & Friedman and Silver Lake Management were shortlisted for the next round of bids for Scout24.

The offers made by four firms were for a 30 per cent interest in Scout24 and valued the business at €1.6bn to €2bn.

The company has also drawn interest from German publishing group Axel Springer, which dropped out of the bidding process earlier this month.

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