It's been a short while since the London market has seen a sizeable firm bid for a London-listed company from a private equity house.
So, it was good to wake up to the board of Ideagen, the software compliance firm, reccomending a 350p a share cash offer from HG - and rival private equity outfit Astorg is being given the chance to carry out due dligence to come up with a rival bid...
So, Cinven has dropped its bid for Ideagen, the London-listed compliance software business.
However, the company in its own statement has revealed that both Astorg and HG, two rival private equity houses have made seperate approaches since Betaville outed Cinven's interest in Ideagen. Below is the link:..
I see Cinven has finally confirmed it is weighing a takeover bid for Ideagen, the London-listed software compliance business. Below is the link:
https://www.investegate.co.uk/cinven/rns/possible-offer-for-ideagen-plc/202204141726004802I/..
Ideagen, the London-listed compliance software company, remains at the centre of takeover speculation amid talk at least one private equity firm is interested in buying the business.
People following the situation have heard talk Cinven has been studying the possiblity of buying Ideagen, possibly as part of a consortium with another private equity firm...
Ideagen, the London-listed compliance software company, has come under the spotlight amid takeover talk.
People following the situation have heard rumours Ideagen may have attracted a suitor interested in purchasing the business.
However, people following the situation said the identity the company interested in acquiring Ideagen is unclear...