Deals
CVC Weighs Sale of Stake in $1 Billion Philippine Logistics Firm Fast Group
- Firm received interest from potential buyers of Fast stake
- Deliberations are ongoing, CVC may still opt to retain stake
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CVC Capital Partners is considering options including a sale of its significant minority stake in Philippine logistics company Fast Group after receiving interest from potential buyers, according to people familiar with the matter.
The alternative investments firm has been in talks with possible suitors for its stake, in a potential deal that could value the whole business at about $1 billion, the people said. Other investment funds and companies in the industry have shown preliminary interest in a deal, the people said, asking not to be identified because the matter is private.