Advent International is among private equity firms eyeing a possible counterbid for GB Group after the revelation that GTCR is considering making a cash offer for the British tech company.
Advent, the global buyout firm, is reported to be mulling over a move, potentially putting it up against not just its Chicago-based rival but also other private equity outfits, including Hg, KKR, Cinven and Permira.
According to The Mail on Sunday, Advent and KKR had been monitoring the Chester-based GB Group on and off for the past year as a possible bid target before GTCR was unmasked as a suitor two weeks ago.
Read more: The Times
