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Private Equity

Fresh twist in PE battle over Caverion as Bain makes new offer

Shareholders have a choice between a fixed cash payment of €8.50 a share in 9 months from completion of the tender offer or €8 a share in cash payable at completion

Caverion are built environment maintenance specialists
Caverion are built environment maintenance specialists Photo: Courtesy of Caverion

A private equity bidding war for a Scandinavian construction technology firm took a fresh twist on 24 January after Bain Capital laid out two new proposals.

US buyout giant Bain and Swedish private equity house Triton have both been vying for Finnish takeover target Caverion in recent months.

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