Cognetas Sees Bid for PE Portfolio

An unnamed European financial investor has made a proposal to buy out the portfolio of companies in a fund of private equity group Cognetas, Reuters reported, citing news in the Financial Times. The group's current portfolio includes Morrison Utility Services, a UK infrastructure maintenance provider for utility groups; Tokheim, a French maker of fuel dispensing equipment; and Arcaplanet, an Italian pet food retailer, Reuters wrote.

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