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Candover may seek buyer

Posted on March 16, 2009 5:28 AM
Struggling private equity firm Candover Partners Ltd., one of Britain's oldest and best known investors, is preparing talks with potential acquirers, it revealed Friday after bringing in banks to conduct a strategic review of its options and attempting to shrink its latest fund.

In a regulatory announcement, Candover Investments plc, the quoted cornerstone investor in Candover's funds, said it received "expressions of interest covering a range of options for the business including potential offers for the company."

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