EMI is seeking to pile more debt onto its books in an attempt to deter private equity bidders. The music publisher was targeted by Permira in late November, early December last year when its shares hovered around the 290p mark. Following a number of profit warnings, the company's share price stands at 224p today with sources suggesting a private equity firm may strike now to take advantage of the lower price. It is unclear whether Permira would resurrect its interest in the company.
High-net-worth individuals and family offices are hunting for yield, concerned about low interest rates and market volatility
Fund expects to hit its target in the first quarter of 2020 and has already made six investments
Soprome and BTC Capital also back the takeover of the security services company
Perlego offers access to online textbooks for a subscription fee of £12 per month