A planned EUR 6B private equity deal for U.K. private school operator Cognita is close to collapse, with a stake sale to the last remaining bidders, Blackstone (BX) and CVC, now unlikely to move forward, The Financial Times’ Ivan Levingston and Laith Al-Khalaf report. Jacobs Capital, the European investment group, has been seeking to sell a significant stake in Cognita, but the proposed transaction is now at serious risk of falling through, according to people familiar with the matter.
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