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Private Equity Group Sniffing For Virgin Media Sale
By: MarkJ - 02 July, 2007 (9:11 AM)

UPDATE: This may be more than just a passing offer, although it is not clear whether Carlyle's bid in particular will be successful. However, VM's sale is now looking more likely.

Several reports claim that the Carlyle private equity group is heading up a possible £5.5 billion+ bid for UK cable giant Virgin Media (formerly ntl:Telewest).

Not a month seems to go by without at least one private equity group attempting to buy BT or Virgin Media and they usually fail, just like a similar £10 billion bid did last year.

However it's known that VM's biggest investor, Richard Branson, has been unhappy with the groups performance. The usual discussions are said to have begun, yet this is relatively normal practice. We wouldn’t bet on a sale.


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