Apax Partners’ bid for Emap, the owner of lads’ mag FHM and UK radio stations Kiss and Magic, has been delayed for several weeks since the firm has not found a bank prepared to finance the bid, which could be as much as £2 billion ($4 billion, €3 billion).
Credit crunch forces Apax to postpone Emap bid
Apax Partners has reportedly been forced to postpone its bid for UK media business Emap while it struggles to find a bank prepared to underwrite the bid.
