Com Hem second bids due 7 July

Second-round bids for a 100% stake in Sweden’s leading cable network operator Com Hem are due on 7 July, following reports of a number of private equity groups placing preliminary bids last month. Sources familiar with the situation, quoted by Dow Jones Newswires, identified Cinven Group, Nordic Capital, CVC Capital Partners and BC Partners as likely participants in the auction’s secondary round. In another report, Reuters added that Nordic Capital and Cinven were joining forces while the other two shortlisted investment firms were bidding separately. Com Hem is currently owned by US private equity houses Carlyle Group and Providence Equity Partners.