Private equity targeting Direct Line
Direct Line Group is being targeted by private equity specialists ahead of any flotation, according to recent reports.
The articles suggested that any interest could impact on plans to float the business by Royal Bank of Scotland on the London Stock Exchange with an application expected to be filed next month.
The Financial Times reported that private equity groups including KKR, Apax, Bain and BC Partners were preparing bids for Direct Line valued by analysts in the region of £4bn. The article noted that the groups may be in discussions about partnering together ahead of a bid with one source tipping Bain and
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