Blackstone is seeking to acquire a majority stake in U.K. privately-owned construction company Miller Group, The Telegraph reports. The U.S. private equity group is aiming to invest around £160 million into Miller Group as part of a refinancing with lenders that is due to complete next year. Miller Group has appointed Greenhill to help find an investor willing to put in fresh equity capital to reduce its £600 million loan. Blackstone plans to work with Keith Miller, CEO and use the group as a vehicle for consolidation in the sector.
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