Private equity firm CVC [CVC.UL] is frontrunner to seal Europe's biggest private equity buyout of the year for German cable operator Kabel Baden Wuerttemberg [KBWHL.UL], people familiar with the situation said. CVC is offering 2.95 billion euros ($4.17 billion), two people told Reuters, beating bids by rival Hellman and Friedman and Liberty Global (LBTYA.O). A deal with CVC would avoid a potentially risky initial public offering just a day after Swedish private equity firm EQT and Goldman Sachs (GS.N) shelved plans to take Danish outsourcing firm ISS public. [ID:nLDE7292DE]
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