Private equity firm CVC [CVC.UL] is set to seal Europe's biggest leveraged buyout of the year, offering 2.95 billion euros ($4.17 billion) for German cable operator Kabel Baden Wuerttemberg [KBWHL.UL]. The offer for the country's third-largest cable company appeared to beat bids from rival Hellman & Friedman and John Malone's Liberty Global (LBTYA.O), putting CVC in lead position, two people familiar with the situation said. Liberty Global, which owns larger German cable rival Unitymedia [IESYG.UL], is said to have placed a rival bid of up to 3.2 million euros, according to the Wall Street Journal, citing unnamed sources.
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