Carlyle Group makes second bid for former Woodford ACD Link Group

Only seeking one-month due diligence

James Baxter-Derrington
clock • 2 min read

US private equity firm Carlyle Group has made its second bid for Link Group in the space of a year, offering A$2.8bn for the Sydney-listed firm.

The new bid is two cents per share shy of its A$5.40 bid from October 2020, which Carlyle Group withdrew following the emergence of higher offers, although none of these acquisition attempts came to pass. Link vows to defend itself as Leigh Day Woodford case heads to court As a result of the short timeframe between the original bid and the current A$5.38 per share offer, the US firm is only seeking a short due diligence period of "about a month", signalling it could have a formal deal for shareholders by early December, the Australian Financial Review has reported. It is unknown as...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Industry

IW 30: Meet the asset management gamechangers of the next 30 years

IW 30: Meet the asset management gamechangers of the next 30 years

Fifteen industry talents

Maria Nicholls
clock 10 July 2025 • 16 min read
Door's Shilpan Patel: Culture takes centre stage

Door's Shilpan Patel: Culture takes centre stage

Fund selectors increasingly aware of poor culture

Shilpan Patel
clock 27 June 2025 • 3 min read
Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Artemis' Gent on how active houses can succeed in an evolving marketplace and strategies for growth

Time of rapid evolution for the wealth and intermediary sector

Katrina Lloyd
clock 26 June 2025 • 7 min read
Trustpilot