The sale of Reed Business Information (RBI), the media publishing division of Reed Elsevier, is reported to be in doubt as third round bidders, including private equity firms Bain Capital and TPG Capital, are considering offers of less than £1bn - far less than the initial valuation of £1.25bn.
Shares are sold by shares were held by CapMan Buyout X Fund A and CapMan Buyout X Fund B
Advent made a takeover offer of 165 pence per share in cash, which represents a 34% premium in July
Business strategy platform will expand its product and triple its team size
Fund targets companies operating in the healthcare industry, primarily pharma, medtech and outsourced services