Exhibitions business Hyve is set to be sold to a private equity firm in a deal that values the business at £481 million.
In a bid recommended by Hyve’s board, Providence Equity Partners will pay 108p per share of the event organiser. Hyve shares had been trading at 77p before the business announced it had rejected two acquisition proposals of 101p and 105p per share from an unnamed bidder, now revealed to be Providence.
