London IPO Hopeful NewDay Is Said to Attract Bain, Pimco, KKR
NewDay, the British consumer credit provider owned by Cinven and CVC Capital Partners Plc, has attracted interest from alternative asset managers including Pacific Investment Management Co. and KKR & Co., according to people familiar with the matter.
A consortium including Bain Capital and Centerbridge Partners is also working on a potential offer, the people said. A deal could value NewDay at £1.5 billion ($2 billion) to £2 billion, said the people, who asked not to be identified as the information is private.
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