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Hellman & Friedman nears Scout 24 stake purchase from Deutsche Telekom

20 Nov 2013

euros4_lrgUS private equity firm Hellman & Friedman has reportedly entered pole position to pick up 70 per cent of Deutsche Telekom’s online classifieds business Scout24.

EQT, TPG, Apax Partners and Silver Lake have also been linked with offers for the business, but Hellman has won out according to Bloomberg, which cited three people familiar with the matter.

It said the purchase would value Scout24 at about €2bn including debt, which could make up about 37.5 per cent of the total according to previous reports.

The debt packages are around six times Scout’s EBITDA of €125m, banking sources said.

In September it was reported that EQT submitted an offer for the entire unit.

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