LONDON (Reuters) – Private-equity investor Bridgepoint Capital Ltd has upped its offer for Care UK (CUK.L), valuing the health and social care provider at between 275 million and 300 million pounds ($491 million), the Financial Times reported on Thursday.
In September, Care UK said it had rejected an unsolicited approach from Bridgepoint, describing it as “very preliminary in nature.” [ID:nBNG519960]
Bridgepoint is believed to have approached some of Care UK’s biggest shareholders and been told they would support a deal at its improved offer price of 450 pence to 500 pence, the paper reported, without citing sources.
No comment was immediately available from either Bridgepoint or Care UK.
($1=.6115 Pound) (Reporting by Kylie MacLellan; Editing by Gary Hill)