UK's GUS Nixes Private Equity Firms' £7bn Bid for Experian

23 March 2006

    LONDON - Having acquired credit ratings, CRM and data-mining specialist Experian from US private equity firms Thomas H Lee and Bain Capital back in 1996, UK retail giant GUS is in no mood to sell it back - despite a £7 billion ($12.24bn; €10.12bn) bid by the duo.
    The proposal was rejected as undervaluing Experian - a global leader in its field. But even a sweetened offer is unlikely to give GUS pause for thought, its chairman Sir Victor Blank having publicly declared the group's intention to float Experian, possibly later this year.