Four Billion Dollars: PE Firms Compete for Getty Images


July 9, 2012

The deal of the week looks to be the potential sale of Getty Images, the US-based photo and digital image agency for a rumored USD 4 billion, according to the WSJ. It is currently owned by PE firm Hellman & Friedman which acquired the company in a take-private deal for about USD2.4 billion. Two of the five bidders at that price are rumored to be KKR and TPG. The size of the deal is large, points out the reporter, considering the current tough debt financing conditions for PE deals. The WSJ says buyout firms still need to put up around 30% of a deal’s value in cash. It also points out that club deals are on the wane, limiting the number of PE transactions above USD 5 billion. (Image Source: Getty Images website)

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