Blackstone, CVC Capital planning bid for Mitchells & Butlers

Blackstone, CVC Capital planning bid for Mitchells & Butlers

Private equity firms planning a bid for Mitchells & Butlers that would see shareholders keeping a stake of about 50% in the pubs group

Blackstone and CVC Capital Partners, the private equity firms, are planning a bid for Mitchells & Butlers PLC that would see shareholders keeping a stake of about 50 pct in the pubs group, the Guardian reported. The bid would attempt to head off a rival offer from Punch Taverns.

The private equity firms are aiming to buy Mitchells & Butlers via a new company and to give shareholders the chance to continue to own about half the business.