UK - Apax, Cinven, CVC and Permira circle M&B

Pub operator Mitchells & Butlers (M&B) is being circled by large private equity players following the group's announcement of a strategic review earlier this week. Apax, Cinven, CVC, Permira and Texas Pacific Group have all been named as potential suitors for the operator of the All Bar One and Harvester chains of pubs. Robert Tchenguiz owns a 23% stake in London listed M&B. It is believed he will raise his stake to 29% to prompt a takeover deal and will favour working with a private equity investor.