Lowell - comment

We understand the company has hired GS to advise on its balance sheet. The choice of advisors is remarkable as we believe GS to have financed (or arranged the financing of) Permira’s equity in 2020 to the tune of £200m after the deal got hung. We were in touch with the company until last week, following their snub of our questions for the second call in a row, but now we seem unable to reach anyone again.