CVC Capital and Bain Capital are the remaining two competitors in the contest to buy the Caudwell Group, reports The Times today. John Caudwell offloaded part of his business in April and the bidders are now neck-and-neck for the rest of his empire, which includes Phones 4u and Dextra, the logistics business.
BCEP II follows a long-hold private equity strategy, with an investment period of 15 years
Combined companies will pursue a buy-and-build strategy, acquiring fitness studio chains
Marc Seeger joins the firm's Düsseldorf-based corporate and M&A team from Hengeler Mueller
GP acquires the automotive networked systems business as part of a succession solution