Candover has withdrawn its EUR 1.5bn offer for Stork after LME Holdings, a holding company of Icelandic food processing group Marel, declined to tender its shares. LME Holdings has recently raised its shareholding to more than 43% to block the bid, which resulted in Candover extending the acceptance period until 18 September. According to Stork and Candover's joint press release, the discussions will continue and a further announcement will be made no later than the first half of October.
Company plans to open offices in New York and Los Angeles, and launch a new SaaS product
Bridges drew equity from its Evergreen fund, which held a final close on £50m in July 2018
Fund targets European companies operating in the consumer, industrial and healthcare services sectors
GP launched a small-cap strategy in Q3 to back companies of the size of ID Systemes