The sale of Dutch conglomerate Stork is set to drag on for at least another month after the latest private equity bidder failed to secure the company in one of Europe's longest running buyouts.

UK-listed private equity group Candover has withdrawn its offer for the company after being unable to gain at least 80% of Stork's shares following Marel, an Icelandic rival, upping its stake in the company in excess of 43% and refusing the buyout group's bid.

Nicolette Davey

Candover

Blackstone Group

The Carlyle Group

Kohlberg Kravis Roberts

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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US law firm hires private equity specialist from key client

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The private-equity firm’s profit rose amid what its executives called the best environment for selling assets in years.

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Demand is up for private aviation, the luxury that separates the 1% from the 0.1%.

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The appointment rewards the executive who led the bank back from a scandal involving the creation of millions of fake customer accounts.

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Candover withdraws Stork offer

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