Then there was one – Bain out of Insignia race | Australian Markets
Bain Capital has fallen out of the personal equity race to amass Insignia Financial, leaving solely CC Capital in discipline.
Insignia Financial introduced to the Australian Securities Exchange at this time that Bain had withdrawn stating that it was unable to proceed to creating a binding offer “due to macro uncertainty caused by the volatility in global markets”.
Insignia stated it remained in discussions with CC Capital which has suggested it’s persevering with to actively work in direction of making a binding bid for the company over coming weeks.
Insignia famous that there was no certainty that the continued discussions would end in any transaction being put to shareholders for consideration.
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