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In response to the recent press speculation regarding GB Group plc (the "Company" or "GBG"), GTCR LLC ("GTCR"), on behalf of certain of its affiliated funds, confirms that it is currently considering a possible cash offer for the Company.
I'll be blowed if I can find any press speculation before the rns!
Although I'm not complaining of a possible takeover at the right price.
Chicago private equity outfit . This from its website: GTCR has a strong history of private equity investment in technology, media and telecom companies within the TMT sector. GTCR has capitalized on the strong growth in information services and technology by investing in a variety of dynamic growth industries that use software, services, media, proprietary information and networks to help companies more efficiently communicate and conduct business with each other.
GTCR’s team of highly resourceful investment professionals continues to actively seek opportunities in software, services, data and information services, technology-based outsourcing and network-based services. We proactively recruit world-class management leaders and entrepreneurs to partner with in these industries.
Since 1997, GTCR has invested in nearly 30 companies in the technology, media and telecommunications sector. Continued advancements and innovations in technology, software, data and networks are creating exciting new TMT private equity investment opportunities for the firm.
I also cannot find any press speculation either. If the bid comes in it better be a good price as we had an SP over £9 not too long ago.
...and a 725p placing last year.
Well here's hoping for at least a 725p offer; if it materialises :-)
Excuse my ignorance, but is this good news for GBG as a business? A private Equity firm is surely better than a competitor isn't it, and that's why the sudden rise due to these rumours?
It is but we would lose our shares.
Considering the broker price ratings for GBG and past performance, I'd like to see the share price rise 40% tomorrow
Would expect takeout 9.50-10 level
Disappointed with the initial rise, so I bought more at approx 570
It is up by 20% now. Could well be up by over 30% by close.
Gets a mention in this Bloomberg piece: https://www.bloomberg.com/news/articles/2022-09-07/foreign-buyers-hoover-up-britain-s-fast-growing-tech-companies?utm_medium=social&cmpid%3D=socialflow-twitter-deals&utm_source=twitter&utm_campaign=socialflow-organic&utm_content=deals
Good news for long term holders. Will there be a bid and if so a counterbid? Am not going to speculate or encourage anybody to buy into GBG now, it is your money at risk in the event of a no bid.
With AIM down about 34% in the last 12 months and factoring in, a roughly 10% drop in the pound in that time. It would be fair to say that there are a number of profitable AIM companies that are ripe for picking. Especially if they have a decent market presence in the USA.
Buying WG & WIX think they could be in play soon
For me, annoying. Day before yesterday I was looking at a top up, I like the company, but had no money in the right account. Now probably I'll come out in the red, plus lose my stake in a promising company in this key field.
Anyone got recommendations in this field?
Hoping for north of £8 here.
Bought RCN today, good value below 105p, another potential takeover target for someone in my opinion. Half year in November so may be published before the impending recession we keep getting told is coming.
"Anyone got recommendations in this field?"
D4T4 seems to post good results and looks like a possible takeover candidate.
Like taking sweets from a baby. Weak £ and clever USA speculators can take out quality undervalued UK companies for well below their true value.
Be careful not all takeovers happen - good luck and fingers crossed