Apax to sell Hit Entertainment

According to the Telegraph, private equity firm Apax will put Hit Entertainment – owner of Bob the Builder and Angelina Ballerina – up for sale following interest from US groups including Mattel and Disney. Apax is close to appointing either UBS or Bank of America Merrill Lynch after shortlisting the two banks to manage the sales process. The private equity group hopes to sell the business for as much as $1.5bn (£950m).

UK, London

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