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Corporate News

Triton bids for Sweden’s HiQ

STOCKHOLM: Private equity firm Triton yesterday announced a 3.9 billion crown (US$444.92mil) cash bid for IT consultancy firm HiQ International, a 25% premium to the company’s closing price on Monday.

Football

CVC, Advent team up for $1.5 billion Serie A media co bid - sources

(Reuters) - Private equity firms CVC Capital Partners and Advent International are preparing a joint 1.3 billion euros ($1.5 billion) bid for a stake in a media firm to be set up by Italy's Serie A soccer league, three sources told Reuters on Wednesday.