TAKEOVER DRAMA FOR STAGECOACH

PERFORMING arts group Stagecoach has agreed to be bought by Lifeskills Education for £6.5m. Aim-listed Stagecoach will be taken private under the deal, with management exchanging their shares for stock in Lifeskills. Shirin Gandhi, owner of Lifeskills, said the firm has prospects for expansion “without the confines of the public markets”. Lifeskills is being advised by CV Capital, while Smith & Williamson is advising Stagecoach.