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KKR, CVC Are Said to Weigh Teaming Up on Telecom Italia Bid

  • Private equity giants hold exploratory talks about joint offer
  • Advent’s interest in Telecom Italia transaction cools
A television communications tower inside the headquarters of Telecom Italia SpA in Rozzano, Italy.

A television communications tower inside the headquarters of Telecom Italia SpA in Rozzano, Italy.

Photographer: Francesca Volpi/Bloomberg
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Private equity giants KKR & Co. and CVC Capital Partners are considering teaming up on a bid for Telecom Italia SpA, a move that would help share the financial burden for Europe’s biggest-ever leveraged buyout, people with knowledge of the matter said. 

The two investment firms have held exploratory talks about the potential for a joint offer, according to the people, who asked not to be identified because the information is confidential.