CVC buys two TMT firms, Blackstone agrees Celanese JV
CVC flexed its buyout muscles again this week, buying two European tech companies for more than €1bn, while Blackstone has agreed to a joint venture for its recently acquired cigarette filter making business Rhodia Acetow with a unit of US chemicals firm Celanese.
CVC Capital Partners announced on Tuesday its agreement to buy Swedish online travel agency Etraveli from German media group ProSiebenSat.1 for an enterprise value of €508m.
That followed its agreement to buy UK IT educational services firm QA from Bregal Investments on Monday for around £700m.
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