Twitter LinkedIn
    Wednesday, May 18
    Login
    0 Shopping Cart
    Twitter LinkedIn
    Private Equity InsiderPrivate Equity Insider
    • About Us
    • Digital Events
    • Our Network
      • Reach
      • Sponsors
      • Members
    Private Equity InsiderPrivate Equity Insider
    Home»Deals & Transactions»Cinven tables £1.4bn bid for FTSE 250 asset manager Sanne
    Deals & Transactions

    Cinven tables £1.4bn bid for FTSE 250 asset manager Sanne

    June 11, 20211 Min Read
    LinkedIn Facebook Twitter Email WhatsApp
    Share
    LinkedIn Facebook Twitter Email WhatsApp

    Asset manager Sanne has sat down with private equity suitor Cinven after already rejecting its advances four times.

    The two plan to hold talks over the £1.4 billion potential offer that Cinven has indicated it could make for the Jersey-based company.

    Sanne first revealed that it was being courted by Cinven a month ago. The private equity giant had tabled an 830 pence per share bid on its third approach to Sanne.

    But Sanne’s board rejected that offer, saying it did not reflect its full potential. The bid was “opportunistic”, Sanne said.

    Two weeks later Cinven came back with a new offer, this time for 850 pence per share in Sanne. The board again rejected the bid and again it said that the bid did not reflect Sanne’s full potential.

    Read more/Source: Independent

    Related

    Can't stop reading? This and all news articles are property of their creators, many are not owned or provided by Private Equity Insider. As an event organizer and community platform, we curate content from reliable sources for your suggested reading, and advise you to read the full articles from the referenced authors and sources.

    Cinven Deals Transactions peinsider Private Equity Sanne
    Share. LinkedIn Facebook Twitter Email WhatsApp

    Related Posts

    Moving App Updater Secures $215 Million in Vista Equity Backing

    May 17, 2022

    Musk’s Talks With Twitter All Started With Dorsey, Durban

    May 17, 2022

    Aircraft lessor SMBC to buy rival Goshawk in $6.7 bln deal

    May 17, 2022

    Tiger Global slashes bets on tech groups after stock market sell-off

    May 17, 2022

    Comments are closed.

    Other Articles

    NFT firm Immutable valued at $2.5bn in Temasek-led financing

    March 8, 2022

    Private equity is falling out of love with plastic packaging

    May 21, 2021

    KORE to go public via $1.01 billion deal with Cerberus SPAC

    March 12, 2021

    Klarna seeking new funds at close to $50 bln valuation

    May 31, 2021

    Private Equity Insider LLC
    1212 Avenue of the Americas
    New York City 10036
    USA

    [email protected]

    Twitter LinkedIn
    © 2022 Private Equity Insider LLC. All rights reserved.
    • About
    • Terms of Use
    • Cookie Policy
    • Privacy Policy
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.

    View Cart Checkout Continue Shopping

    Sign In or Register

    Welcome Back!

    Login to your account below.

    Lost password?