KKR-backed fintech takes £13m hit from motor finance scandal Fintech A UK fintech backed by investment giant KKR has posted a hefty loss after being forced to set aside cash for the brewing motor finance scandal. Oodle Finanical Services recorded a pre-tax loss of £38m for the financial year ending 30 June 2025, after the firm was forced to set aside a whopping £12.8m in [...]
Why KKR-Arctos is not just about private equity getting bigger Sport Business The announcement that US giant KKR has acquired Arctos Partners for a reported $1.4bn (£1bn) is a significant moment in both the sports investment and private equity worlds. At first glance, the deal looks like a straightforward bet by KKR on the growing institutional appetite for sports assets. However, look closer and it says something [...]
Global Counsel loses more clients as Epstein scandal deepens Advisory The crisis engulfing the lobbying firm founded by Peter Mandelson, Global Counsel, deepened on Tuesday, after three more of its blue-chip clients parted ways with the advisory over its links to co-founder Mandelson and the convicted sex trafficker Jeffrey Epstein. City AM understands that pensions giant Phoenix, Tesco and Bank of America have all severed [...]
Darts, private equity and fuelling the booming sport’s growth in America January 27, 2026 Nodor Group CEO Tom Brown and PDC chief Matt Porter on private equity in darts and how to realise the sport’s potential in North America. To the south-east of Nairobi, a world away from Alexandra Palace, 2,000 Kenyans are working diligently to feed the global explosion in popularity of darts. There, at the Nodor Group’s [...]
Why does no one want to buy Costa Coffee? January 15, 2026 The coffee’s gone cold and the milk has soured for the once dominant high street staple Costa, as owner Coca-Cola struggles to find a buyer to take the chain off its hands. The US beverage giant suspended talks with remaining bidders earlier this week, blaming the decision on low offers, bringing the months-long auction process [...]
Oxford Biomedica share prices jumps after takeover talks January 15, 2026 Oxford Biomedica’s share price has rocketed in early morning trading after Swedish private equity firm EQT entered takeover talks for the gene and cell therapy group. Shares jumped 10.65 per cent to 889 pence, with shares rocketing 121.4 per cent over the past year. The FTSE 250 company said it has received an unsolicited approach [...]
Coca-Cola abandons Costa Coffee sale plans as Asda owner bids low January 14, 2026 US beverage giant Coca-Cola has reportedly scrapped plans to sell the world’s second-largest coffee chain after offers from private equity firms came in below expectations. The company brought talks with remaining bidders for Costa Coffee to a halt in December, ending an auction process which had lasted several months, according to the Financial Times. Sources [...]
Mark Kleinman: Can Osborne usher in a golden era for HSBC? November 20, 2025 Mark Kleinman is Sky News’ City Editor and the man who gets the Square Mile talking in his weekly City AM column Can Osborne usher in a golden era for HSBC? George Osborne’s words to his Chinese audience were clear: “Through the ups and downs, let’s stick together. Let’s stick together to grow our economies. Let’s stick together to make [...]
Asda: KKR and TDR commit £23m to credit card firm Jaja after warning November 11, 2025 The private equity backers of Jaja Finance have contributed another £23m in equity funding after the Asda credit card firm warned on its ability to continue as a going concern, City AM can reveal. A group of existing shareholders participated in the funding in October, Jaja said, and have also vowed to commit a further [...]
NBA Europe set for step forwards as league chiefs near green light September 10, 2025 Today in a New York hotel, the NBA’s executive and representatives of all 30 teams’ ownership will hold the third of their three scheduled annual meetings. On the agenda will be various matters of concern to the world’s biggest basketball league, but the most intriguing item is its plans for the sport in Europe. Subject [...]