GYG plc (AIM:GYG) could fall into private equity hands after it received a £43m takeover offer. Harwood Capital LLP said it was considering a 92.5p per share bid for the Spanish-based firm. The move was announced just minutes after markets closed, but came as GYG’s shares rose 4.2pc, or 3.5p, to 87p. It said that Lombard Odier, the leading investor with 26.2pc of shares, had signalled its support for the deal in a letter of intent. That means investors controlling 47pc of GYG are behind the deal. Harwood has until 5pm on May 7 to make a firm bid under City ‘put up or shut up’ takeover rules.