Property consultant Erinaceous confirms takeover approaches following rumours of 3i interest

Property consultant Erinaceous has received preliminary takeover approaches, the company confirmed today.

Confirmation of the talks, which the company says may or may not lead to an offer, came after rumours in the weekend newspapers that the company was a target for private equity firm 3i.

It has been suggested that 3i is planning a management buyout of Erinaceous, which would value the firm at about £350m.