PrimaCom AG (XTRA:PRC) wants an active role in the market's consolidation, Wolf Waschkuhn, Managing director and supervisory board member of Primacom said, and has already made bids for certain assets of Tele Columbus GmbH and for DTK Deutsche Telekabel Verwaltungs GmbH. "We are hunters not hunted. We are ready to be a consolidator", Wolf Waschkuhn, said.

"We have put in bids for the Berlin assets of Tele Columbus and for Deutsche Telekabel." Tele Columbus, which is owned by several hedge funds including GoldenTree Asset Management, LP; York Capital Group Limited; and Anchorage International Holdings Corp. (OTCPK:GKNI.D). It has attracted interest from Cinven Limited and CVC Capital Partners Limited, which are offering to buy Tele Columbus in a potential deal valuing the company's equity and debt at roughly €600 million, two people familiar with the negotiations said.

The CVC and Cinven also during September 2013 handed in bids for much smaller Deutsche Telekabel, which could be valued at up to €150 million, the sources said. "In contrast to financial sponsors we can act as a strategic partner and reap synergies (from a potential acquisition)." He said he has backing from the group's owners - Alcentra, Inc., Avenue Capital Group, Tennenbaum Capital Partners, LLC and ING Bank N.V. - for a potential deal. According to a source familiar with the negotiations, Primacom is also considering the purchase of all of Tele Columbus, if its price expectations are met.

According to euters, Tele Columbus, Deutsche Telekabel, CVC, Cinven and York and Anchorage declined to comment, while GoldenTree was not immediately available for comment. According to Reuters, Rothschild, which is advising Tele Columbus as well as Goetzpartners, which is advising Deutsche Telekabel, also declined to comment.