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’3i to offload European assets
3i, the former powerhouse of Europe’s venture capital industry, has entered exclusive talks to sell a portfolio of 36 European venture capital investments to a consortium led by Coller Capital and HarbourVest Partners for about £100m.
Candover ends deal talks
Shares in Candover rose on Monday after the ailing UK buyout group said it was still considering splitting itself up after ending takeover talks with potential buyers. Candover received proposals for an outright takeover or minority stake sale from rival groups including Blackstone,
Buy-out investors at risk of default
One in 10 investors in private equity are likely to default on commitments to invest funds in the next two years, a survey has shown. The research, covering 120 big investors in private equity, was conducted by Coller Capital,
Candover board to discuss bids
The board of Candover will meet early this week to discuss bids received for the buyout group, which put itself up for sale after suspending the €3bn fund it raised last year. The UK-based group had received “a small handful” of early indicative offers to buy Candover Investments,
Buyout groups circle HBOS assets
Specialist investors in second-hand private equity assets are circling Lloyds Banking Group and RBS in anticipation that they will restart auctions of their buy-out portfolios after abortive attempts to sell them last year.