On January 20, British maternity wears brand Seraphine agreed to a 30p-a-share offer from its existing private equity backer, Mayfair Equity Partners. If the deal goes through, it would be at a discount of around 90% to the initial public offering price of 295p roughly 18 months ago.
One major shareholder, speaking on condition of anonymity, described the approach as “egregious“. Although Mayfair’s offer marked a 206% premium to the previous day’s closing share price. The unnamed top-10 shareholder said, “This will not be the last private equity firm this year …
