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Evening Standard
Evening Standard
Business
Michael Hunter and Daniel O'Boyle

Two more private equity firms close in on major London deals

Network

A brace of deal announcements today breathed new life into the City’s market for mergers and acquisitions, but also revealed a deepening trend for undervalued Londoncompanies to be snapped up by private equity firms.

Rising fintech star Network International Holdings was at the centre of a fresh, £2 billion offer from a second buyout suitor while smart metering firm Sureserve became the target of a £214 million offer.

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