Blackstone finalises De Vere takeover
Private Equity Fund Of Funds Blackstone, the American private-equity giant, is finalising a takeover offer for De Vere Group PLC that will value the operator of the famous Belfry golf course at more than 700 mln stg, The Sunday Times reported citing sources familiar with the situation.
De Vere Hotels> From the banks of Loch Lomond, Scotland to Central London, De Vere offers you a choice of some of the country's finest 4 and 5 star hotels, ideal for city breaks, a trip to the seaside or the perfect country escape. The De Vere Experience covers every occasion too, from a dedicated conference or business meeting to a relaxing spa and pampering break, from a quick round of golf at a country retreat to the bright lights and attractions of a city break.
Curve Equity Exposed Fund They said Blackstone was likely to table a bid worth up to 850 pence-a-share before the end of this week, according to the newspaper.
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Equity Income Funds However, it said Blackstone faces competition from a number of potential counter-bidders, including Spanish hotel chain NH Hoteles SA.
Viridian, the holding company for Northern Ireland's electricity, is in talks over a .62billion bid by Bahraini private equity firm Arcapita Bank.
Capital Casebook Equity De Vere owns 19 four and five-star hotels across Britain, including the Grand in Brighton and the Cavendish in Londons Mayfair.
Whichever De Vere Hotel you choose to visit, and for whatever reason, you'll find all our hotels united by a passion to provide the highest levels of service. - - United Kingdom De Vere Hotels featured Hotels> > more...> > more...
Private Investment In Public The group is also home to the Village-branded hotel chain, Greens fitness clubs and GJ Greenall, which makes white spirits.
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Equity Mutual Funds A takeover of De Vere would land Steve Morgan, the multi-millionaire housebuilder, with a windfall approaching 100 mln stg for his 13.7 pct stake.
Birmingham Contact Equity The latest talks follow a previous approach to De Vere last December, also said to have been from Blackstone.
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