Private equity firms team up to bid for Vivendi’s Brazilian unit GVT

A group of private equity firms, including KKR & Co LP (NYSE:KKR) and Apax Partners LLP, intends to make a joint bid of as much as USD5bn (EUR3.7bn) for Brazilian telecommunications company Global Village Telecom (Holding) SA, or GVT, a unit of French Vivendi SA (EPA:VIV), Bloomberg said today citing knowledgeable sources.

Other participants in the group are Gavea Investimentos Ltda, owned by JP Morgan Chase & Co (NYSE:JPM), and Cambuhy Investimentos Ltda. Brazilian investment bank BTG Pactual Group is still mulling over the possibility of taking part in the bid, the sources said. Valor Economico had reported previously, without citing sources, that BTG Pactual had pulled out of the race.

Their rival in the competition is US satellite-television provider DirecTV (NASDAQ:DTV), which is expected to propose a price closer to the asking price of USD8bn, due to the synergies that a possible deal could create. According to one of the sources, potential bidders are getting ready for the second round of the auction, which is seen to be completed by the end of next month.

Representatives for Vivendi, Apax, KKR, BTG Pactual and JP Morgan refused to comment. DirecTV did not immediately respond to Bloomberg’s message asking for a comment, whereas Cambuhy Investimentos did not answer the agency’s calls.

Vivendi put GVT up for sale in 2012 after buying it for EUR3bn (USD4.1bn) in 2009.

4 Helpful Tips for Deciding Where to Stash Your Cash

It’s always nice to have extra cash just lying around, but sometimes you can end up saving hundreds or thousands of pounds that simply sit there. Having all that extra money poses the problem of it simply sitting there and being useless, so what can you do with it instead?

There’s a lot of things that you can do with it. The best things will ultimately benefit you in the long run. So instead of choosing to spend all that money in one fell swoop, hold onto it. Better yet, you could take that money and multiply it with enough time.

Take a look at the top 4 things you can do with your extra money so that it isn’t wasting space underneath your mattress!

1. Put That Cash In a Savings Account

The safest place to invest your cash will always be a basic savings account at your local bank. While most bank accounts will currently only return a couple of percent a year. I just checked with Clydesdale Bank and they are currently advertising up to 2% Gross/AER on a term deposit, which is higher than most easy access savings accounts. An Individual Savings Account (ISA) is an even better option as it is a more tax efficient way to invest your money, although you can only shelter up to £11,280 in ISAs.

2. Buy Some Shares of High Dividend Value Stocks

It’s true that some people are immediately turned off by the idea of investing in the stock market. For many people, the idea of investing in something that’s currently down is downright outrageous.

Investing would be silly if every publicly traded stock was falling, but that simply isn’t the case. There are many different varieties of stocks that are doing great right now. The stock market offers a high-risk, high-reward opportunity for investing your spare cash.

The only problem with investing in stocks is that you need to have enough cash to cover broker fees and other commission charges as well as the price of shares. You may also not be a stock market genius, which could further put you off from this idea.

3. Invest in a Mutual Fund

A mutual fund is one of the more “safe” investments you can put money into. Mutual funds work by having a company pool funds from a number of investors. This allows investments to be made at one time and in bulk, which makes it much cheaper to buy versus if you were to buy the same share of stocks. This company will then diversify its investments in several vehicles such as stocks, bonds and mutual funds. In turn, this is what makes mutual funds a bit safer to invest in.

While your mutual funds can differ depending on your individual agreement, you’ll earn a certain amount of money based on how well your investments do.

4. Lend Your Money to a Credit Union

If you join a local credit union, you can invest your money in a way very similar to the way banks set up loans. The added benefit you will find is that because credit unions are owned by their members, they can offer better interest rates. You’ll also see a larger share of the returns.

Two things you’ll want to look into when it comes to credit unions are the returns on savings accounts. Ensure that each has a higher interest rate than you’d get at your local bank.

Italy’s UniCredit raises €890m from sale of stake in Poland’s Bank Pekao

Italian financial group UniCredit SpA (BIT:UCG) said it had pocketed some EUR890m (USD1.2bn) from the sale of 9.1% in its Polish unit Bank Pekao SA (PINK:BKPKF).

The group sold around 23.9m Pekao shares at PLN156.00 (USD50.40/EUR37.14) apiece to institutional investors, it said. The price was 6% below the Pekao closing before this announcement and 4% lower than the average price over the last three months.

The sale generated a capital gain of about EUR135m to UniCredit, resulting in an increase in the group’s CT1 ratio BIS2.5 based on its weighted assets as at 30 September 2012.

Following the placement, the Italian bank remained with 50.1% in Pekao and will continue its commitment to the subsidiary and to the Polish market which is core to its franchise and strategy.

UniCredit, which agreed to a one-year lock-up period for its remaining stake in the Polish unit, said it does not expect to shed further Pekao shares after this sale.

UBS Limited, UniCredit CA-IB Poland and Citigroup Inc (NYSE:C) were in charge of the share placement

US hair products firm Vogue seeks buyers for Organix Hair Care unit

US hair and personal care products manufacturer Vogue International is looking to sell its Organix Hair Care unit, hoping to collect at least USD800m (EUR590m) in the process, Reuters reported.

Three people with knowledge of the matter told the news agency that Vogue International had brought in Goldman Sachs Group Inc (NYSE:GS) as adviser. They added that interested parties had been asked to submit their first-round offer earlier in January.

The sources speculated that Organix Hair Care was likely to attract bids from French cosmetics giant L’Oreal SA (EPA:OR), as well as Unilever Plc (LON:ULVR) and Procter & Gamble Co (NYSE:PG) – the respective owners of the Sunsilk and Pantene hair care brands.

Organix makes shampoos, body washes and body lotions. According to the sources, the brand delivers annual EBITDA of about USD80m.

Goldman would not comment for Reuters, while the rest of the companies mentioned could not be immediately reached.