Asset management group Gartmore, backed by buyout house Hellman & Friedman (H&F), has dropped its share price to 220 pence on its admission to the London Stock Exchange today, down significantly from its target price range of between 250-330 pence per share.
GP formed the industrial maintenance, repair and overhaul firm in 2017 by merging IPH and Brammer
Sponsor submitted a 15x EBITDA offer to acquire Conet, two sources say
Vendor has delayed the process in order to build up visibility on its 2021 results, one source says
Idea Taste of Italy acquired a stake in Gelato d'Italia – then trading as Indian – in May 2016