CVC Capital Partners, the private equity house, has made an approach to Mersey Docks and Harbour Company which could result in a £ 1billion takeover of the Liverpool-based ports group. Mersey Docks was forced by the Takeover Panel to reveal that it had received a ” preliminary approach” from an unnamed private equity group ” that may or may not lead to an offer for the company” .
Germany’s DVD Bank is also participating in the transaction in syndication.
CVC, which is being advised by Citigroup, has already shown interest in the ports market. In July, it lost out on the bid for PD Teesport after making it onto a shortlist of four.
