Public to private transactions
Prior to the onset of the Covid-19 crisis, an increasing number of public takeovers by PE sponsors (P2Ps) had been seen in the market and there is potential for this type of activity to build again as the deal market picks up, with opportunities expected to arise as a result of depressed share prices and companies needing capital to invest in growing and rebuilding their businesses.
We have put together a three part series on P2Ps to provide a top level overview of how these transactions work in practice from different perspectives.
System.ArgumentNullException: Value cannot be null. Parameter name: mediaItem at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, ImageCropperValue localCrops, Boolean localCropsOnly, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 196 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 152 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, String cropAlias, IImageUrlGenerator imageUrlGenerator) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 28 at Macfarlanes.Models.Cms.ModuleCareerProfilePromo.get_ImageUrl() at ASP._Page_Views_Partials_Modules_moduleCareerProfilePromo_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\Modules\moduleCareerProfilePromo.cshtml:line 9 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at Our.Umbraco.DocTypeGridEditor.Web.Extensions.HtmlHelperExtensions.RenderDocTypeGridEditorItem(HtmlHelper helper, IPublishedElement content, String editorAlias, String viewPath, String previewViewPath, Boolean isPreview) at ASP._Page_app_plugins_doctypegrideditor_render_DocTypeGridEditor_cshtml.Execute() in C:\home\site\wwwroot\app_plugins\doctypegrideditor\render\DocTypeGridEditor.cshtml:line 28 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at ASP._Page_Views_Partials_grid_editors_Base_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\grid\editors\Base.cshtml:line 20
System.ArgumentNullException: Value cannot be null. Parameter name: mediaItem at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, ImageCropperValue localCrops, Boolean localCropsOnly, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 196 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 152 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, String cropAlias, IImageUrlGenerator imageUrlGenerator) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 28 at Macfarlanes.Models.Cms.ModuleCareerProfilePromo.get_ImageUrl() at ASP._Page_Views_Partials_Modules_moduleCareerProfilePromo_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\Modules\moduleCareerProfilePromo.cshtml:line 9 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at Our.Umbraco.DocTypeGridEditor.Web.Extensions.HtmlHelperExtensions.RenderDocTypeGridEditorItem(HtmlHelper helper, IPublishedElement content, String editorAlias, String viewPath, String previewViewPath, Boolean isPreview) at ASP._Page_app_plugins_doctypegrideditor_render_DocTypeGridEditor_cshtml.Execute() in C:\home\site\wwwroot\app_plugins\doctypegrideditor\render\DocTypeGridEditor.cshtml:line 28 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at ASP._Page_Views_Partials_grid_editors_Base_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\grid\editors\Base.cshtml:line 20
System.ArgumentNullException: Value cannot be null. Parameter name: mediaItem at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, ImageCropperValue localCrops, Boolean localCropsOnly, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 196 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, IImageUrlGenerator imageUrlGenerator, Nullable`1 width, Nullable`1 height, String propertyAlias, String cropAlias, Nullable`1 quality, Nullable`1 imageCropMode, Nullable`1 imageCropAnchor, Boolean preferFocalPoint, Boolean useCropDimensions, Boolean cacheBuster, String furtherOptions, Nullable`1 ratioMode, Boolean upScale) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 152 at Umbraco.Web.ImageCropperTemplateCoreExtensions.GetCropUrl(IPublishedContent mediaItem, String cropAlias, IImageUrlGenerator imageUrlGenerator) in D:\a\1\s\src\Umbraco.Web\ImageCropperTemplateCoreExtensions.cs:line 28 at Macfarlanes.Models.Cms.ModuleCareerProfilePromo.get_ImageUrl() at ASP._Page_Views_Partials_Modules_moduleCareerProfilePromo_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\Modules\moduleCareerProfilePromo.cshtml:line 9 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at Our.Umbraco.DocTypeGridEditor.Web.Extensions.HtmlHelperExtensions.RenderDocTypeGridEditorItem(HtmlHelper helper, IPublishedElement content, String editorAlias, String viewPath, String previewViewPath, Boolean isPreview) at ASP._Page_app_plugins_doctypegrideditor_render_DocTypeGridEditor_cshtml.Execute() in C:\home\site\wwwroot\app_plugins\doctypegrideditor\render\DocTypeGridEditor.cshtml:line 28 at System.Web.WebPages.WebPageBase.ExecutePageHierarchy() at System.Web.Mvc.WebViewPage.ExecutePageHierarchy() at System.Web.WebPages.WebPageBase.ExecutePageHierarchy(WebPageContext pageContext, TextWriter writer, WebPageRenderingBase startPage) at Umbraco.Web.Mvc.ProfilingView.Render(ViewContext viewContext, TextWriter writer) in D:\a\1\s\src\Umbraco.Web\Mvc\ProfilingView.cs:line 25 at System.Web.Mvc.Html.PartialExtensions.Partial(HtmlHelper htmlHelper, String partialViewName, Object model, ViewDataDictionary viewData) at ASP._Page_Views_Partials_grid_editors_Base_cshtml.Execute() in C:\home\site\wwwroot\Views\Partials\grid\editors\Base.cshtml:line 20
