BC, Pollen approach threshold as Shawbrook deadline looms
June 19, 2017
Regional Banks | Brentwood, UK | Buyout
BC Partners and Pollen Street Capital have received support from almost 47% of shareholders in Shawbrook Bank for their £868 million takeover bid. The two buyout firms need backing by more than 50% of investors for the deal to be accepted. Shawbrook's board has rejected four bids from the consortium. The offer's deadline has been set for today.