James Moore: Candover caught in the BP backwash

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The Independent Online

Outlook It looks like the end of the line for Candover, the private equity company which could well wind itself up after its failed takeover last month. Once a king of splashy, high-profile buyouts, the operation's difficulties suggest that the salad days are over for the private equity barons. Much of Candover's problems were caused by being caught in the backwash of BP's oil spill, thanks to its holding in Expro International. But look to financial pollution as the cause as a string of other casualties come to light in the months ahead.

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