What Would A Candover Wind-Down Look Like?
News of a potential wind-down from UK buyout firm Candover raises the question of what exactly that situation would entail. A run-off means the firm won’t raise new funds and basically manage its existing companies till they can be sold. Clearly it’s difficult to retain talent at a firm with no prospects of raising a new fund. In today’s job market, that may be less the case, but it hasn’t been at smaller firms like J.W. Childs and Willis Stein. Both firms, which haven’t shown much evidence of future fundraising efforts, have seen top talent exit. So if Candover begins losing managers, it would seem to follow that the best move is to sell off as many of the companies as possible. It’s all very hypothetical at this point, but is Candover’s portfolio up for grabs? Would there be buyers for the companies? Take a look at exactly what those funds include below.
