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Private Equity

Firstgroup Is Said To Draw Private Equity Interest Including Cvc

by bloomberg.com posted 1week ago 117 views
FirstGroup Plc, the operator of Greyhound buses and British trains, is attracting interest from buyout firms including CVC Capital Partners as it conducts a review of the business, people familiar with the matter said. The buyout firm has not made a formal bid and deliberations are in early stages, the people said, asking not to be identified as the details aren’t public. FirstGroup, which has a market value of 1.2 billion pounds ($1.5 billion), rejected proposals from Apollo Global Management LLC in May, saying they “fundamentally undervalued” the business.