Deals
BC Partners Agrees to Acquire Phones 4u From Providence
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BC Partners Ltd., the private equity firm that owns Fitness First, agreed to buy U.K. mobile phone retailer Phones 4u from Providence Equity Partners LLC.
The transaction is expected to be completed in April, the buyout firms said in a joint statement today. The deal values the company at 600 million pounds ($966 million) to 700 million pounds, said a person with knowledge of the matter, who declined to be identified because the terms are private.