Takeover target Link Group’s newly appointed boss Vivek Bhatia says the company was closely assessing the competing offers on the table, while working to lift its performance in the new year.
Link was approached in October by a private equity consortium, led by Pacific Equity Partners (PEP) and The Carlyle Group, with the bid valuing the company at around $2.9 billion. Link this week received another offer from US-based SS&C Technologies Holdings that values the firm at around $3.6 billion.
Mr Bhatia, speaking at the superannuation fund administrator’s investor day on Wednesday, did not provide further details on the status of potential deals. However, he acknowledged both offers were being actively considered by the board.
“The Link group board continues to consider all options, including obtaining advice from financial and legal advisors and will provide an update in due course,” he said. “Suffice to say, we believe the sound fundamentals of the business speak for ourselves.”