Bain Capital targets £1bn listed defence group Chemring

Chemring in the sights of one of world's biggest private equity firms

Chemring has a market capitalisation of nearly £1.1bn and has been the subject of takeover speculation in the past

Chemring shares jump after Bain Capital makes bid

Bain Capital, one of the world’s largest private equity firms, has reportedly launched a takeover bid for defence group Chemring. Sky News’ Mark Kleinman first reported that Bain has made at least one proposal to acquire the FTSE 250 group, which is used by Elon Musk’s SpaceX Shares in Chemring jumped as much as 13 per cent to 400p on Monday as news of the offer broke. According to Sky, one source said an initial offer of 390p-a-share had been p…

Bain Capital targets £1bn listed defence group Chemring

The buyout firm made at least one approach in recent weeks to buy Chemring Group, the FTSE 250 manufacturer of products used in defence kit and by organisations including Elon Musk’s SpaceX, Sky News learns.