Candover: not-over

It’s not over for Candover. The Grim Reaper came calling on the UK-listed buyout group in early March. Nearly four months on, Candover appears to have sidestepped the scythe. It has ended talks on what could only have been a fire-sale, and is playing down any need to raise equity. This may just be a temporary stay of execution. But the firm has at least given itself a chance of longer term survival. Candover has had two lifelines: a recovery in the markets and the exit of Wood Mackenzie. The ...