Private Equity house up for sale
Candover Investments, the quoted private-equity group, has in effect been put up for sale today as it unveiled huge write-downs in its portfolio of 18 companies and cancels its dividend – according to weekend reports.
The group has been hit hard by the economic downturn and is understood to have seen its net-asset value fall by as much as 50%. Its investments include Gala Coral, the gaming group, as well as Expro
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