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News - Helphire buyout mooted.
(From Post Magazine)
Helphire could be seeking private equity investment as an alternative to raising more shareholder cash for growth, an expert said this week.
The credit-hire business has been linked with a buyout valued at up to GBP570m, a suggestion it denied on Tuesday. "The board of directors of Helphire notes the recent press comment and confirms it is not in discussions with any party regarding a possible offer for the company," it said.
However, venture capitalist CVC Capital Partners had been named in press reports as the possible suitor.
Martin Cross, speciality financial analyst at Altium Securities, said such a move would allow it to make a higher return ...
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