Providence brings in Searchlight as partner for Hyve offer3rd April 2023 | published by EW SHARE
Hyve has announced plans to be taken over by a consortium of two private equity companies.
Providence Equity Partners LLC has brought in Searchlight Capital Partners UK LLP as a bid partner for its agreed takeover offer for Hyve.
Providence said funds managed or advised by Searchlight will buy a 40% stake in Heron UK Bidco Ltd, the acquisition vehicle for the Hyve deal that is currently fully owned by funds advised by Providence.
The
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