Carlyle Group

Shanks hold out for 150p offer after Carlyle’s £536m bid

Shanks hold out for 150p offer after Carlyle’s £536m bid

Waste management firm Shanks confirmed a 135p-a-share bid approach, but added an offer of 150p-a-share would deliver an apt value to its shareholders.

An offer of 135p-a-share, which values the firm at £535 million, was tabled by the US private equity firm Carlyle Group, though Shanks did not mention its name.

Carlyle raises $533 million second mezzanine fund – CMP II

The private equity heavyweight, the Carlyle Group, which had raised a $436 million fund - Carlyle Mezzanine Partners I - for mezzanine investments in 2006, has recently raised its second fund – CMP II - of $553 million in equity commitments.

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