TDF PE Owners Plan $12.6B IPO

TDF Group owners are planning a stock market listing of the company that will value it at around $12.6 billion.

TDF Group owners are planning a stock market listing of the company that will value it at around $12.6 billion, Reuters reports. The private equity owners of the French television network operator are in discussions with banks for an initial public offering. Other options for TDF include a sale of the business to a strategic buyer or the injection of new equity to reduce debt. TDF is 42% owned by TPG, 18% by Axa Private Equity, 24% by FSI and 14% by Charterhouse.

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