Investment bankers and private equity firms are scrabbling for clues to the success of Texas Pacific Group's tactics after the US buy-out group's agreed £668m (€975m) bid to buy British Vita, a UK chemicals company.
Texas Pacific last week won investor and management backing after nearly eight weeks of applying a "bear hug" â trying to force a company to open its books to a potential buyer without making a formal offer. It was the first large-scale bear-hug bid by a private equity house in the UK to succeed.
