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CVC Capital Partners is reportedly among the potential bidders for ITV Plc, as interest in the broadcaster grows due to its low share price and strategic uncertainties. The firm, along with an unnamed European broadcaster, is considering a deal that could involve ITV Studios and ITV's broadcasting division, which includes the ITVX streaming platform.
French financial prosecutors conducted searches at the offices of CVC Capital Partners and the French football governing body amid a corruption investigation. This follows a complaint from the anti-corruption group AC !! regarding a deal between the Ligue de Football Professionnel and CVC, filed nearly a year ago.
Private equity firms, including CVC Capital Partners and L Catterton, are competing to acquire German vitamin supplement maker Orthomol. Other bidders such as Advent International, Blackstone Inc., Groupe Bruxelles Lambert NV, and PAI Partners have also advanced in the bidding process. The company, along with its founding family, is seeking approximately €1 billion ($1.1 billion) for the sale, with Houlihan Lokey Inc. advising them.
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