Summary
SAFESTORE is aiming to ride the boom in Britons squirrelling away their belongings in warehouses with a Pounds 209 million cash deal to buy larger self-storage rival Mentmore.
Safestore, owned by venture capital house Bridgepoint after a Pounds 40 million management buyout last summer, has received backing from nearly half of Mentmore institutional shareholders for its 115p-a-share offer. The offer beats off competition from other private equity backers and from interests backed by HBOS.See the full content of this document
Extract
Safestore Buys Rival for Pounds 209m
The offer v...
See the full content of this document
Sponsored links
