Bids Presentations For Knight Ridder Today

Knight Ridder’s bid presentations are happening today, and three groups have emerged, this story says.

– First is Thomas H. Lee Partners LP, Bain Capital LLC, Texas Pacific Group and Hellman & Friedman LLC for a joint bid.

– Another group is Blackstone Group LP, Providence Equity Partners Inc. and Kohlberg Kravis Roberts & Co.

– Madison Dearborn Partners LLC and middle-market firm Vestar Capital Partners are considering a bid.

The publisher has a market capitalization of about $4.2 billion.

FT: Bidders for Knight Ridder are expected to include Gannett and McClatchy.

Comments have been disabled for this post