{"id":2039,"date":"2003-12-23T00:00:00","date_gmt":"2003-12-23T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"mentmore-boosted-by-hands-on-bid-talks","status":"publish","type":"post","link":"https:\/\/hedgeco.net\/news\/12\/2003\/mentmore-boosted-by-hands-on-bid-talks.html","title":{"rendered":"Mentmore boosted by Hands-on bid talks"},"content":{"rendered":"<p>STORAGE firms may be unglamorous but they are attracting the attention of some of the world&#8217;s richest men.<\/p>\n<p>  City financier Guy Hands is in talks to buy specialist storage group Mentmore.<\/p>\n<p>  The shares jumped 15 1\/2p to 100 1\/2p, valuing the firm at 182m. Three years ago they traded at 230p.<\/p>\n<p>  Hedge fund guru George Soros invested in Safestore, later sold to venture capitalist Bridgepoint for 40m.<\/p>\n<p>  Hands&#8217; private equity fund Terra Firma is carrying out due diligence on Mentmore, which has 53 storage sites in the UK and France.<\/p>\n<p>  It is selling its record management business for 82.5m, having sold its small business premises division for 179m.<\/p>\n<p>  Chief executive Martin Nye plans to return a chunk of the proceeds to shareholders as a special dividend. If Hands&#8217; offer is accepted, it is unclear if this will still be paid.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>STORAGE firms may be unglamorous but they are attracting the attention of some of the world&#8217;s richest men. City financier Guy Hands is in talks to buy specialist storage group Mentmore. The shares jumped 15 1\/2p to 100 1\/2p, valuing [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-2039","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2039","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=2039"}],"version-history":[{"count":0,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/2039\/revisions"}],"wp:attachment":[{"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=2039"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=2039"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=2039"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}