Buyout groups Bain Capital and Advent International have formed a consortium to explore a bid for Chubb Fire & Security, kicking off a sponsor-dominated battle for the British maker of fire extinguishers, according to sources familiar with the matter.
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016