UK - Candover-backed Wood Mackenzie on the block

Based in Edinburgh, Wood Mackenzie provides consulting services and research products to the energy, metals, and mining industries. The company has received interest from more than 20 private equity funds and trade buyers, according to reports.

Candover has been severly troubled by the current state of financial markets. Recently, the buyout firm wrote down the value of its portfolio by more than a third from £483.6m in December 2007 to £310m., with six of the firm's 22 investments written down to zero. The firms listed parent said in March that it no longer had funds to invest in the 2008 Candover fund, which held a EUR 2.8bn first close in August 2008.

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