By Gillian West

American private equity firm Hellman & Friedman is poised to make a £2bn bid for used-car marketplace Auto Trader.

The takeover bid throws a spanner in the works for Auto Trader owner Apax’s planned stock market floatation later this year.

According to reports Hellman & Friedman is “confident” about the bid hiring advisers to put together a “knockout offer”.

The firm, which owns North Sea oil services company Wood Mackenzie and Neilsen, is said to be “very advanced” in its preparations with a business plan already in place.

Apax acquired a 49.9 per cent stake in Auto Trader back in Read full story ›

Source: The Drum