Asia Digest: Carlyle, Pacific Equity abandon bid for Link; Quadrant partially exits Peter Warren
REUTERS/Thomas White
April 30, 2021
The Carlyle Group and Pacific Equity Partners have abandoned their $1.97 billion bid for Link Administration Holdings, while Quadrant Private Equity has made a partial exit from automotive group Peter Warren Automotive Holdings.
Carlyle, Pacific Equity abandon bid for Link Administration
Global investment firm The Carlyle Group and Pacific Equity Partners have abandoned their A$2.7 billion ($1.97 billion) bid for Australia-based Link Administration Holdings.
Link Administration, a financial data and fund administration services provider, received a conditional A$2.76 billion ($2 billion) takeover offer from PE firms Carlyle Group and Pacific Equity Partners last year.
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