One of the London stock market’s largest exhibition groups is in talks about a big capital injection that would further underline an ongoing frenzy of private equity interest in UK plc.
Sky News has learnt that Hyve Group is in preliminary discussions with Carlyle about a so-called private investment in public equity – or PIPE – deal.
Hyve is understood to be holding the talks with Carlyle as one of several options for raising capital to finance growth opportunities as the global events industry rebounds from the pandemic.
PIPE deals have been infrequent in the London market, with Clayton Dubilier & Rice’s investment in the building materials group SIG a year ago representing an outlier.
Carlyle is said to be discussing injecting between £200m and £250m into Hyve.
Source: Sky News
By Mark Kleinman
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