Private equity investors Mount Street Capital Partners will no longer bid for Invista REIM, having announced on Monday that it was considering making an offer. Mount Street issued Monday’s statement in response to growing press speculation that it was looking to put in an offer for Invista REIM. An announcement today from Mount Street said: “Further to the announcement by the board of MSC on 9 July 2012, MSC announces that it is no longer exploring an offer for all the issued and to be issued share capital of Invista Real Estate Investment Management Holdings plc.” Last month, Palmer Capital made a £39.7m offer for Invista REIM, trumping an earlier bid by Internos Real Investments. Invista runs two funds: the Asian-focused Invista Real Estate International Fund and the UK and Europe-focused Invista Real Estate Opportunity Fund. sophia.furber@estatesgazette.com
Private equity investors Mount Street Capital Partners will no longer bid for Invista REIM, having announced on Monday that it was considering making an offer.
Mount Street issued Monday’s statement in response to growing press speculation that it was looking to put in an offer for Invista REIM.
An announcement today from Mount Street said: “Further to the announcement by the board of MSC on 9 July 2012, MSC announces that it is no longer exploring an offer for all the issued and to be issued share capital of Invista Real Estate Investment Management Holdings plc.”
Last month, Palmer Capital made a £39.7m offer for Invista REIM, trumping an earlier bid by Internos Real Investments.
Invista runs two funds: the Asian-focused Invista Real Estate International Fund and the UK and Europe-focused Invista Real Estate Opportunity Fund.
sophia.furber@estatesgazette.com
