Yellow Pages auction up a gum tree?
Unitas Capital and Ontario LP direct investment major Teacher’s Private Capital are reportedly hunting for buyers for New Zealand’s Yellow Pages Group, having launched a sale process for the estimated $700 million asset – more than 50% lower than the pair’s $1.57 billion investment into the company at the height of the bull market in 2007.
Sources close to the business say that potential bidders have been notified of the process, and include both large private equity firms – possibly previous bidders CVC Capital Partners, Kohlberg Kravis...
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