Former BT CEO, Philip Jansen, plans a takeover of FTSE 100 pest controller Rentokil, seeking private equity funding and aiming to improve US performance.
Former BT CEO, Philip Jansen, is reportedly plotting a takeover bid for FTSE 100 pest controller Rentokil, seeking private equity funding for a deal that would see him become executive chairman. Rentokil, the world's largest pest control company, has struggled post-US rival Terminix acquisition in 2022 and Jansen aims to improve its US performance. Potential private equity firms interested in the bid include CVC and Bain Capital.
July 20, 2024
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