(BFM Bourse) – In a declining market, the price of Solutions 30 rose on Friday in large volumes. The Bloomberg agency reports that private equity specialist Bain Capital is considering a takeover of the European technical services provider.
The American private equity fund Bain Capital is considering the opportunity to buy the Luxembourg company Solutions 30 SE, the Bloomberg agency revealed on Thursday evening, leading to a jump in the stock on Friday of nearly 10% at the start of the session. . A movement however ephemeral, the action returning to the red after the first half hour of exchanges, before turning around again on the rise before 10:00 a.m. Around 9:50 a.m., the Solutions 30 share gained 1.96% to 6.75 euros.
According to people familiar with the project, who spoke to Bloomberg on condition of anonymity, Bain Capital discussed with its advisers a potential investment in Solutions 30. The discussions are still ongoing, without certainty that they will lead to the submission of an offer by Bain, according to these sources.
Targeted by short selling and subject to accusations of various forms of fraud by Muddy Waters, Solutions 30 has seen several institutional funds exit its capital. The management has repeatedly expressed its desire to reconstitute a reference shareholding, possibly by delisting the company.
In addition, the auditor EY refused at the start of 2021 to certify the company’s 2020 accounts, which recruited a new firm, PKF, to audit the accounts for the following years.
Having reported in January an 8.4% decline in turnover during the last quarter of 2021, Solutions 30 must publish its results for the past financial year on April 27, at the same time as its turnover. business for the first quarter of 2022.
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