UNCOOKED ALERT: Allfunds Group PLC said to ... - Part 4
Allfunds Group PLC, the Euronext-listed fund distribution company, continues to be at the centre of takeover rumours.
Last week Betaville Intelligence reported that Allfunds had come back under the spotlight amid a fresh round of takeover rumours.
People following the situation have heard further speculation a mystery private equity firm is circling Allfunds and talks may have advanced.
However, the identity of the company interested in Allfunds is unclear.
The company has reportedly been subject to takeover interest in the past. Last year, for example, Betaville Intelligence reported in November 2024 that private equity firms EQT and CVC Capital were circling Allfunds while smaller buy out firm Motive Partners was also reportedly interested in the company.
Bankers from Citigroup and Goldman Sachs were also reported to be working with Allfunds on 'strategic options' in 2023.
Other companies that have looked at Allfunds in the past include German exchange operator Deutsche Borse.
Readers should be aware that Allfunds shares have risen around 16pc over the last month and 5pc in the last five days, so some of the takeover speculation may already be priced into the stock already.
To be clear, the above story is UNCOOKED. In case you don't remember I have pasted the definition of UNCOOKED below:
UNCOOKED: Market gossip as Betaville receives it. This scuttlebutt has just come in and hasn't been checked with all of Betaville's well-informed RARE sources let alone formal journalistic channels (public relations executives, bankers etc). The rumour might be total codswallop, nonsense or rubbish - but then again there may be something in it, so it's worth airing on Betaville.