Gb Group Share Price (GBG)

The takeover that didn't happen was from only 2 and a half years ago:

In 2022, a potential £1.3 billion takeover of GB Group by American private equity firm GTCR was considered but ultimately fell through. GTCR, based in Chicago, had until October 4, 2022, to make a cash offer for the London-listed identity specialist, but ultimately declined to do so after failing to reach an agreement with GB Group.

Here's a more detailed look at the situation:

Initial Interest:

GTCR, a Chicago-based private equity firm, expressed interest in acquiring GB Group, a London-listed identity verification and fraud prevention specialist headquartered in Chester, UK.

Potential Deal Value:

The potential takeover was valued at around £1.3 billion.

Negotiation Failure:

GTCR failed to reach an agreement with GB Group, prompting the firm to drop its takeover bid.

GB Group's Response:

GB Group stated that its board believes the company has a strong future with sustainable growth opportunities and a leadership position in the identity verification and fraud markets.

Share Price Impact:

Shares in GB Group initially surged after the potential takeover was announced, reaching a high point of 647p before falling back.

No Further Action:

GTCR confirmed that it was no longer evaluating a possible offer for GB Group.

I added to my holding this afternoon. I keep averaging down on my beaten-up shares, where I see a good prospect. It's got to start working eventually!!

Deutsche Bank Research cuts GB Group price target to 490 (550) pence - 'buy'

Barclays cuts GB Group price target to 325 (400) pence - 'overweight'

Agree Trendz. I probably overpaid but not by too much. The buyback should help and would not be surprised if it ends up getting a bid c£3,50.

"But a forward p/e of around 12... bargain basement territory for a tech company."

But there is no growth after inflation (unusual for Tech company) and yield of 1.75%, can think of a lot better place to put my money. Bought at fund raise for £7.25 hoping for good things and all I have had are loses and disappointment, just glad only have a very small amount invested here.