Private equity houses eye troubled UK company Taylor WimpeyPrivate equity investors are interested in purchasing troubled UK homebuilder Taylor Wimpey, according to various reports.
Private equity groups mentioned in connection with a possible bid have included Apax Partners, Oaktree Capital, Permira, 3i.
Taylor Wimpey has suffered due to the housing crisis, seeing its stock market value fall 98 per cent over the past year. The company has operations in the UK, North America, Spain and Gibraltar.
Taylor Wimpey's debt burden of £1.9bn is likely to hinder developments and the company is reportedly in talks with banks about refinancing its debt.
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Private Equity News» By Region» Europe» Western Europe» United Kingdom
Private Equity News» By Region» Europe» Western Europe» United Kingdom
