Cvent rejects $3.9bn purchase bid from Blackstone

Cvent rejects $3.9bn purchase bid from Blackstone

A $3.9bn purchase bid from buyout company Blackstone has been rejected by Cvent, a US software supplier that supports in-person and virtual meetings, Reuters has reported quoting individuals with knowledge of the situation. Blackstone withdrew from the talks when...
Abrdn in talks to sell private equity unit to Santander

Abrdn in talks to sell private equity unit to Santander

Abrdn is reportedly in talks with Spanish banking group Santander over a sale of its private equity unit. The FTSE-100 asset management heavyweight has received interest from ‘a small number of buyers’, according to Sky News. The unit is being valued at around £250m...
Hyve shares pop after £306m private equity approach

Hyve shares pop after £306m private equity approach

Hyve Group has confirmed a bid approach by US private equity firm Providence Equity that values the events group at about £306m. Best known for its large-scale international events such as Pure London, Hyve said the offer would be in cash at 105p per share, compared...