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’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.
Buy-out groups face $140bn sale
Investors are likely to sell about $140bn in private equity investments – more than 10% of the total – in the next 18 months, with many of them sustaining losses. Pension funds, endowments, banks and insurance companies are poised to sell down their private equity portfolios just as their value is falling.