Private equity groups including Cinven and Blackstone are vying to buy KKR-owned LGC Group in a deal that could value the British scientific measurement and testing company at as much as 2.5 billion pounds, people close to the matter said. Cinven, which is working with Abu Dhabi Investment Authority (ADIA), made it to the second round of bidding alongside rival offers from Blackstone and Advent, they said. U.S. private equity firm Leonard Green is also in the running for the company, which is expected to fetch 2-2.5 billion pounds including debt, one of the people said. …read more
Source:: Yahoo Finance
