Kretinsky Teams Up With Attestor in Bid for French IT Firm Atos
- Czech billionaire, London fund worked together on Casino
- Offer for €600 million equity, reinstate €4.5 billion debt
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Czech billionaire Daniel Kretinsky and credit fund Attestor Ltd. are teaming up again in France, this time to bid for IT services firm Atos SE, according to people familiar with the matter.
London-based Attestor, which specializes in distressed situations and had been buying debt of Atos in recent months, joined Kretinsky’s EPEI in an offer to rescue the struggling French tech giant. The fund and the Czech billionaire previously worked together in the restructuring of French grocer Casino Guichard-Perrachon SA that saw them take control of the company in March.