Candy considers Capco capture

Property tycoon Nick Candy is considering making an offer to take over Capital & Counties.

In a statement release today, it was confirmed that Candy’s investment vehicle, Candy Ventures, is leading a consortium of investors in the “early stages of considering a possible cash offer” for Capco.

The confirmation follows press reports over the weekend that Candy Ventures is in discussions with Saudi Arabia’s Public Investment Fund about a possible bid for Capco.

However, in a statement released by Capco in response, the firm said that there had been “no approach made to the company by Candy