Lion delays its fundraising

Private equity house Lion Capital has held open its €2bn (£1.72bn) fundraising until after Christmas, it emerged yesterday. The buyout group, which has invested in cereal firm Weetabix, frozen food firm Findus and lingerie-maker La Senza, hopes to raise another €500m in the New Year. Lion is also thought to have spent more than £13m on the costs of fundraising and dealing with rising staff costs. Yesterday Lion refused to comment on the deal.