Financial Times FT.com

Buy-out firms struggle to fund Informa move

By Ben Fenton and Martin Arnold

Published: July 17 2008 23:20 | Last updated: July 17 2008 23:20

Bankers said Thursday night that the chances of success were fading for a consortium of private equity houses trying to raise money to fund a tentative 506p-a-share approach for Informa.

In separate conversations, four bankers cast doubt on the ability of Providence, Carlyle and Hellman Friedman to find about £1.85bn in debt to buy the publisher of Lloyd’s List.

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