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    Home»Private Equity»Private equity barons rush to snap up British firms ‘on the cheap’
    Private Equity

    Private equity barons rush to snap up British firms ‘on the cheap’

    May 17, 20211 Min Read
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    Ask any top City investment banker or lawyer who works on blockbuster deals for private equity firms how busy they are and they will probably tell you the same thing: business is booming.

    “It’s incredible,” one lawyer said. “It is the busiest period we’ve seen in probably the last 20 years.” There have been £1 billion-plus bids for three FTSE 250-listed companies by buyout firms in the past week.

    They include Sanne, a fund administration business, which yesterday confirmed that it had rejected a £1.3 billion approach from London-based Cinven. UDG Healthcare, the pharmaceuticals industry services company, on Wednesday agreed to a £2.6 billion takeover by the American firm Clayton, Dubilier & Rice, while last Friday St Modwen Properties revealed it had received a £1.2 billion approach from Blackstone, the world’s largest private equity group.

    Read more/Source: The Times

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