Candover increases stake in consultant ahead of flotation

UK-listed buyout group Candover has increased its stake in research and consulting business Wood Mackenzie to take a controlling majority in the lead up to an initial public offering which could value the company at about £800m (€1.1bn).

Candover, which originally made a combined equity and debt investment of about £75m in Wood Mackenzie in 2005, has taken on a further 24% share for an undisclosed sum. It now owns 67% of Wood Mackenzie.

WSJ Logo
Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With TrumpExternal link

Pro Bono or Pro Nono? Law Firms Split on Fulfilling Deals With Trump