Uniform maker Vestis fields takeover interest from buyout firms, sources say https://t.co/SrcArARSvX via @MilanaVinn @Reuters #PrivateEquity
Vestis $VSTS shares up after report of buyout interest https://t.co/20Gt7jtplo https://t.co/PijFuXo8Fi
Reuters reports that Advent International and Apollo Global $APO are among buyout firms eyeing a potential acquisition of uniform supplier Vestis $VSTS, per sources familiar with the matter.
Advent International and Apollo Global Management are reportedly among the buyout firms interested in acquiring uniform supplier Vestis, according to sources familiar with the matter. The news has led to a rise in Vestis shares, indicating positive market sentiment regarding the potential acquisition. Reports suggest that the interest from these firms could signal a significant shift for Vestis, which operates in the uniform supply sector. The details surrounding the potential acquisition remain limited, but the involvement of major private equity firms highlights the attractiveness of Vestis as a target for investment.