Providence Equity Partners will pay 108p for each share – worth 610p before Covid sent sales plummeting
The events organiser Hyve Group has become the latest UK company to be sold to a private equity firm, sending its shares sharply higher.
In a joint statement, the US firm Providence Equity Partners said it had agreed a buyout deal paying 108p in cash for each Hyve share – valuing the international conference organiser at £481m. Hyve had previously rejected two offers worth 101p and 105p a share from Providence.
Continue reading…Providence Equity Partners will pay 108p for each share – worth 610p before Covid sent sales plummetingThe events organiser Hyve Group has become the latest UK company to be sold to a private equity firm, sending its shares sharply higher.In a joint statement, the US firm Providence Equity Partners said it had agreed a buyout deal paying 108p in cash for each Hyve share – valuing the international conference organiser at £481m. Hyve had previously rejected two offers worth 101p and 105p a share from Providence. Continue reading…