Financial sources have branded the takeover approach for White Young Green as 鈥渋ll-timed鈥�.

They claim the fact Lawrie Haynes, the consultant鈥檚 chief executive, only joined a year ago means a private sale would be premature. The sale price is an estimated 拢200m.

It is understood that the approach was as a surprise to the board and that it came from a US or European consultant. 鈥淚t would be unusual if it were taken private so soon after appointing a chief executive,鈥� said one source.

They added that WYG鈥檚 announcement that it had received an offer could spark private equity interest. It is understood that CCMP Capital is considering making a bid for the firm.

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