Bridgepoint Capital ups offer for Care UK

Private-equity investor Bridgepoint Capital Ltd has upped its offer for Care UK, valuing the health and social care provider at between £275m and £300m, the Financial Times reported on December 17.

In September, Care UK said it had rejected an unsolicited approach from Bridgepoint, describing it as “very preliminary in nature.

Bridgepoint is believed to have approached some of Care UK’s biggest shareholders and been told they would support a deal at its improved offer price of 450 pence to 500 pence, the paper reported, without citing sources.

No comment was immediately available from either Bridgepoint or Care UK.