Printer Friendly

Cinven seeks advice over WH Smith bid.

M2 BEST BOOKS-(C)2000-2004 M2 COMMUNICATIONS LTD

Cinven, the private equity group most likely to rival Permira in the race to buy WH Smith, has appointed investment bank Merrill Lynch to advise it on a potential offer.

Permira has now entered the due-diligence process of its proposed takeover of the ailing UK retailer, but Cinven is now attempting to get WH Smith's CEO Kate Swann on their side to bolster any potential bid.

Swann has denied she has had any contact with Cinven and that she was concentrating on trying to turn around the loss-making company. Earlier in 2004 Swann said that she had no plans to link up with a venture capitalist firm, reports The Telegraph.
COPYRIGHT 2004 Normans Media Ltd.
No portion of this article can be reproduced without the express written permission from the copyright holder.
Copyright 2004 Gale, Cengage Learning. All rights reserved.

Article Details
Printer friendly Cite/link Email Feedback
Publication:M2 Best Books
Article Type:Brief Article
Geographic Code:4EUUK
Date:May 17, 2004
Words:118
Previous Article:Shortlist for the 2004 Mind Book of the Year announced.
Next Article:Print-on-demand attracting heavyweight attention.
Topics:


Related Articles
Internet's a new leaf as WH Smith sales fall.
WIN; ... pounds 50 worth of gift vouchers.
WH Smith hopes staff can help plug pensions gap.
WH Smith announces dead stock clearance.
WH Smith becomes takeover target.
Permira frustrated with WH Smith delay.
WH Smith and Permira reach inducement fees agreement.
Permira could reduce WH Smith bid due to pension deficit.
New Permira company may make WH Smith bid.

Terms of use | Privacy policy | Copyright © 2021 Farlex, Inc. | Feedback | For webmasters |