RE:Takeover in preparationthe Deal is done! Bain will buy Kantar
Luca Bassi, managing director at Bain, said
"it would not be unreasonable to expect a sum of around £1bn to be invested in Kantar."
"We see many opportunities for expansion and will invest in technology to expand the company’s capabilities and reinforce its global leading position." Christophe Jacobs van Merlen, a Managing Director at Bain Capital Private Equity, said:
“Our deep sector knowledge, operational expertise and strong track record of partnering with management teams to accelerate growth gives us confidence that we can help Kantar grow both organically and by acquisition.”
Now remeber what Kantar told about engagement labs in late 2018:
"I have long been impressed with the innovative work from the Engagement Labs team, and find TotalSocial to be the best solution to incorporate into Kantar Analytics' toolkit. I'm excited to be working with Engagement Labs on behalf of Kantar and its clients," according to Matt Dodd, Managing Partner of Kantar Analytics Practice
And at last, from a Paper (engagement labs) 26 April 2019:
"Reasons for the proposed reorganization and debenture amendments"
"Engagement labs is presently contemplating a number of strategic alternatives to maximize shareholder value, including seeking a minority or majority investment from e strategic partner, merging with or being acquired by an industry partner, or the sale of the business.
Pursuing our goal of raising additional funds and pursuing strategic alternatives shoud be enhanced by eliminating the indebetedness underlying the Debentures."
Its time to buy!