British private equity firm Candover Investments is planning to wind up itself and is likely implement a plan to return cash to shareholders.
The move follows Candover’s failed take over negotiations with Canadian pension fund Alberta Investment Management, in July 2010.
Candover reported a decline of 13% in its first-half net assets after writing down part of the value of its principal holding, Expro International.
Recently, the firm also disposed of the Belgian nappy maker Ontex to TPG and Goldman for €1.2bn, and has been in talks to sell the Spanish theme park operator Parques Reunidos for €2bn.
Candover CEO Malcolm Fallen said that the firm is likely to remain a listed investment trust.