It sounds like the sale of Private Equity International, a publication favoured by many of the City's lawyers, bankers and buy-out executives, is moving towards completion.
Readers might recall I wrote a piece back in July about how Lloyds Development Capital had emerged as the frontrunner to buy a stake in PEI, publisher of the Private Equity International, after advisers from Livingstone Partners were appointed to look at "strategic options". Here is a link:
http://betaville123.blogspot.co.uk/2015/07/village-gossip-dealmakers-digest-to-be.html
Well, City sources tell me a deal with LDC could be announced imminently, possibly in the next few days. And according to one source, LDC - the private equity wing of Lloyds - is likely to take a minority stake in PEI while the management of the business will retain a large shareholding.
So, watch this space...
Lloyds Development Capital and Livingstone Partners both declined to comment.
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