Consortium raises buyout price for VNU

Published on .

Haarlem, the Netherlands—A consortium of private equity firms Thursday increased to $11 billion its offer to buy Dutch media giant VNU. The move came several weeks after two influential shareholders rejected the previous offer of $10.3 billion, which had been raised from the original bid of about $9 billion.

VNU, which put itself on the block late last year after its failed attempt to acquire health care research company IMS Health, owns Nielsen Media Research and a sizeable portfolio of b-to-b trade titles, including Billboard, Hollywood Reporter, National Jeweler and Sales & Marketing Management.

The members of the consortium, known as Valcon Acquisition, are: AlpInvest Partners, Blackstone Group, Carlyle Group, Hellman & Friedman, Kohlberg Kravis Roberts & Co. and Thomas H. Lee Partners.

—Matthew Schwartz

Most Popular
In this article: