Private Equity and Public Private Partnerships

From the NY Times Deal Blog:

The private equity group CVC Partners has offered to pay just under £2 billion pounds, or $3.3 billion, for a 30 percent stake in state-owned postal group Royal Mail, The Sunday Telegraph reported...CVC Partners has emerged as the front-runner because it is prepared to inject a substantial sum to modernize Royal Mail’s technology, something the government has said is essential to safeguard the group’s long-term future, according to the newspaper.