GB Group's shares have perked up almost 4pc this morning.
If you are wondering why then look no further than an article published in the Mail on Sunday over the weekend.
Intrepid hackettes Amy-Jo Crowley and Francesca Washtell revealed that several private equtiy firms are circling GB Group, the London-listed indentity intelligence company, after little old Betaville's orginal UNCOOKED Alert...
It's been a short while since the London market has seen a sizeable firm bid for a London-listed company from a private equity house.
So, it was good to wake up to the board of Ideagen, the software compliance firm, reccomending a 350p a share cash offer from HG - and rival private equity outfit Astorg is being given the chance to carry out due dligence to come up with a rival bid...
So, Cinven has dropped its bid for Ideagen, the London-listed compliance software business.
However, the company in its own statement has revealed that both Astorg and HG, two rival private equity houses have made seperate approaches since Betaville outed Cinven's interest in Ideagen. Below is the link:..
Private equity bids for London-listed companies are coming thick and fast.
Mark, "The Kleinmanator", Kleinman of Sky News had the scoop yesterday evening with his tale about Cinven approaching Sanne Group about a take private. Below is a link to Mark's story:..
Thank goodness the venerable Financial Times has temporarily lifted its paywall.
It's meant little old Betaville has been able to access a rather interesting piece about the sale of Thyssenkrup's lifts unit, which I have been following with great interest as there have been mutterings about another European lift business being "in play" over the last few weeks...
Here is a little deal "exclusive" for readers interested in mid-market private equity deals.
Betaville understands that Inflexion, a London-based private equity firm, is in advanced talks to purchase a stake in Huws Gray, the Welsh builders' merchant based on the Isle of Anglesey.
Huws Gray hired HSBC last year to run a "strategic review" of the business, which generates almost £180 million in turnover...
"People close to the situation" have reached out to little old Betaville with some more information on CPA Global, the £2 billion patent management company I wrote about last week and also in last weekend's The Sunday Times.
According to these "people", Cinven is in the "early stage" of studying "options" for CPA, which is expected to generate around £150 million in operating profits (or EBITDA if your a banker) in 2016/2017...
Private equity firm Cinven is weighing a £2 billion sale of CPA Global, one of the world's largest patent management companies.
Cinven has invited investment banks and advisory firms to pitch for the mandate to sell or float CPA Global later this year, according to sources familiar with the matter...
Mediclinic is preparing to bid for Spire Healthcare, the FTSE 250 company that was formed from the sale of BUPA hospitals.
According to excellent sources, Mediclinic is working with bankers from Morgan Stanley on the potential purchase of the remainder of Spire that it doesn't own (remember last year Mediclinic bought 29.9pc of Spire Healthcare for 360p a share)...