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Candover expects cash inflow before year end

Thu, 18th Nov 2010 16:39

Venture capital firm Candover has agreed two disposals that should result in a cash inflow of £46.2m. The disposal of its Ontex stake should bring in £26.4m, of which £16.4m will be paid on completion, and the deal is expected to be completed by the end of November. Ontex is a European manufacturer of hygienic disposable products. The guaranteed deferred payment totalling £9.9m will be paid by September 2012. The shares are being sold at book value. The sale of the stake in business admin services provider Equity Trust should raise £19.9m, with an initial payment of £13m. The guaranteed deferred payment of £6.9m is payable by the end of June 2011. The disposal should be completed by the end of 2011 and the sale price is a 245 increase on the June 2010 valuation. During the period between 1 July and mid-November, Candover has invested £34.2m in five follow-on transactions. Candover has outstanding commitments of £38.5m.

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29 Apr 2016 08:27

Candover Investments To Sell Part Of Technogym Stake Amid IPO

28 Apr 2016 08:04

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4 Apr 2016 06:49

Parques Reunidos says plans to list in Spain in May

MADRID, April 4 (Reuters) - Theme park operator Parques Reunidos said on Monday it aimed to list in Spain's main stock markets in May to raise around 525 million euros ($598 million) through an offer of new shares in the initial public offering (IPO). The company may also sell existing shar

16 Mar 2016 07:31

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