Carlyle Investment Backs Away From Signature Aviation Offer
Thu, 18th Feb 2021 17:43
(Alliance News) - Carlyle Investment Management LLC on Thursday said that, after careful consideration , it does not plan to make a firm takeover offer for Signature Aviation PLC.
Earlier in February, Signature recommended an offer by newly formed acquisition vehicle Brown Bidco Ltd, which consists of US-based private equity firm Blackstone and former suitor Global Infrastructure Partners. The consortium also includes Cascade Investment LLC, a fund which manages Bill Gates s investments.
Back in January, GIP fought off interest from Blackstone, which had secured the backing of Cascade, to acquire Signature for USD4.63 billion.
Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.
Investegate |Takeover Panel Announcements | Takeover Panel: Disclosure Table (POTAM only)
investegate.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investegate.co.uk Daily Mail and Mail on Sunday newspapers.