Winding Down, Candover Sells Private Equity Arm

As it attempts to wind down operations, Candover Investments has agreed to sell its private equity investment manager division to a group of its directors, Reuters reported. The division plans to sell up to 29% of its portfolio to a group backed by private equity firms Pantheon and Arle Capital Partners for roughly 60 million pounds ($94.7 million), Reuters said. The sale is one of Candover’s last attempts to return cash to shareholders as it winds down.

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