Kantar Bidding Enters Next Stage

Bain Capital and Apollo Global Management LLC are among those moving into the next stage of bidding for Kantar, according to sources, quoted on Bloomberg; while private equity firms CVC Capital Partners and Apax Partners have dropped out.

According to www.bloomberg.com , the sources asked not to be identified because discussions are private. WPP Chief Executive Mark Read (pictured) said in March that the group expects to announce a deal selling a majority stake in Kantar to an investor by the middle of the year - but that the group would like to keep between 25 and 40 percent of the shares. The review of Kantar's possible sale began in October last year, since when the insight division has finally succeeded in beating the group's other divisions in quarterly results. WPP has described the sales process as 'progressing well' but has itself given no other details.

Web site: www.kantar.com .

All articles 2006-23 written and edited by Mel Crowther and/or Nick Thomas, 2024- by Nick Thomas, unless otherwise stated.