Pollen Street explores sale and take-private options
Pollen Street is exploring strategic options including a potential take-private sale after receiving preliminary interest. Shares in the London-listed firm rose following the news.
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POLLEN STREET GROUP LTD is exploring a take-private transaction and has begun preliminary buyout talks, sending its shares up 16.6% on Wednesday afternoon. The United Kingdom private capital firm manages £8.4 billion ($11.22 billion) across private equity and credit strategies. Mid-sized asset managers face mounting pressure to scale up against rising regulatory and operating costs.
