Restructuring is good news for Candover

Candover Investments believes continuing corporate restructuring by European companies points to bri...

Candover Investments believes continuing corporate restructuring by European companies points to brighter medium-term prospects for the specialist buyout investment trust. Stephen Curran, chairman of the independently-managed trust, said buyout markets during the first half of the year were depressed both in the UK and Europe, in line with M&A activity globally. 'A number of large deals have been announced during July and there are signs of a pick-up in activity, particularly in the Continental European buyout markets,' he said. The trust declared an interim dividend of 12p per share...