Carlyle attempts largest post-Lehman buyout in Europe

A Carlyle Group joint venture has tabled the largest bid for a European public company since US bank Lehman Brothers collapsed, suggesting private equity firms are regaining confidence financing will be available for deals.

Carlyle and education company Apollo Group have offered £304m (€338m) for education company BPP through their joint venture Apollo Global, according to a statement from the group's today. The £6.20 per share bid was at a 70% premium to Tuesday's closing price of £3.65 per share.

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Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is ReachedExternal link

Europe Draws Up Retaliatory Tariffs for U.S. Goods in Case No Trade Deal Is Reached