US private equity firm GTCR has confirmed that it is currently considering a possible cash offer for identity verification specialist GB Group.
Responding to press speculation, the Chicago-based firm said late on Tuesday that there can be no certainty any firm offer will be made, nor as to the terms on which any firm offer might be made. A further announcement will be made as and when appropriate, it added.
In a statement on Wednesday, GB said: “Any proposals received will be evaluated by the board of GBG together with its advisers.”
It urged shareholders to take no action.
