Blackstone swoops on Senior in £1.3bn aerospace supply chain play Tech Manufacturing giant Senior has agreed to a £1.3bn takeover by a consortium backed by Blackstone and Tinicum, marking the latest London-listed industrial firm to be taken private as overseas buyers target UK assets. The recommended all-cash offer values the FTSE 250 engineer at £1.28bn, with an implied enterprise value of roughly £1.4bn, the companies told [...]
Private equity giant KKR returns with final bid for Assura Markets UK healthcare property firm Assura has received its “best and final offer” from KKR, which is set to trigger another delisting blow for the London Stock Exchange. Assura has recommended a cash offer from Sana Bidco, a vehicle owned by KKR and Stonepeak, which values the firm at 52.1p per share. Shares in Assura closed [...]
Royal Mail: Postal votes boost revenue at IDS as ‘Czech Sphinx’ Kretinsky commits to six-day service retail The owner of Royal Mail has pointed to record levels of postal votes and campaigning literature as being the forces behind sizeable increases in volumes and revenue, as its bidder re-committed to the universal service obligation for at least five years.