The home improvement chain B&Q may be the next large listed asset lined up for a private equity bid, according to market sources. Owner Kingfisher saw its shares rise 5% this morning, one of the few gainers on the FTSE 100, along with Sainsbury's, which is understood to have received draft takeover plans from the private equity consortium currently looking at its books.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint