The Times UK reports that PE firm Permira “has emerged” (don’t they always “emerge?”) as a potential suitor. Of course The Times notes that Permira joins others (Cinven, Candover, CVS and Providence) who are “circling” (another favourite verb for M&A writers) Reed Business Information, which is valued at a bit more than $2 billion. The Times says that Apax and Guardian Media Group are “understood” to have held discussions. The two just closed a Reed-scale deal when they swallowed up Emap’s business publishing arm for $2 billion.
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