Ascot process reboot unlikely near term as Blackstone deal called off
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Ascot process reboot unlikely near term as Blackstone deal called off

Catrin Shi
15 November 2022
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Ascot logo new 2021 bermuda.jpg

CPPIB and Ascot are unlikely to immediately reboot a formal sales process after protracted deal talks with Blackstone collapsed, sources have told this publication.

Ascot and the Canadian pension fund informed staff last night that takeover talks with the private equity house had been called off, as they felt the multiple contemplated in the deal did not reflect the true value of the...

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