KKR pushes for Assura to ditch PHP deal amid bidding war August 8, 2025 The bidding war between private equity giant KKR and retail investor Primary Health Properties (PHP) has heated up after KKR pushed for Assura to ditch an already recommended takeover offer from the latter. KKR’s investment vehicle Bidco – which is also by fellow US private equity Stonepeak – said on Friday it has held discussions [...]
Spectris bidding war intensifies as KKR submits fresh offer August 5, 2025 The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
Picture exclusive: NBA meets Starmer for encouraging talks at No10 August 1, 2025 NBA chiefs are understood to have been encouraged by a lengthy meeting with Prime Minister Sir Keir Starmer this week in which they discussed plans to launch a European league. Starmer hosted NBA commissioner Adam Silver and deputy commissioner Mark Tatum at No10 Downing Street on Wednesday during an ongoing tour of Europe by the [...]
One twist left in the PHP and KKR bidding war for Assura June 23, 2025 The Assura bidding war between KKR and PHP looked to be sealing its final chapter on Monday – but analysts warn there could be one more twist in the saga. Assura said on Monday it had recommended its board to accept a fresh cash offer from PHP, which valued the firm at £1.79bn. The deal [...]
Spectris agrees to £3.8bn takeover but KKR threatens bidding war June 23, 2025 Industrial group Spectris has agreed to a £3.8bn takeover by US private equity Advent but a bidding war could be brewing as KKR mulls a rival offer. The FTSE 250 firm has been valued at £37.73 per share in the deal. Shares jumped 13.5 per cent as markets opened on Monday to around 3,726. Private [...]
KKR offer commended by Assura June 19, 2025 The heated battle for Assura’s takeover has finally reached a conclusion, with KKR’s bid to take over the healthcare property giant, securing EU approval for the bid if it goes ahead. Assura accepted private equity giant KKR’s £1.7bn bid, which was made via acquisition vehicle Sana Bidco, last week. The merger has now received clearance [...]
Flora and I Can’t Believe It’s Not Butter maker issues huge pay day June 17, 2025 The company behind Flora and I Can’t Believe It’s Not Butter has issued a huge dividend to the tune of £90m – the first since it was taken over by private equity giant KKR. The US-headquartered group, which acquired Flora Food Group – then called Upfield – from Unilever for more than $8bn in 2017. [...]
PHP sweetens Assura bid amid ongoing contest with KKR June 13, 2025 Primary Health Properties (PHP) has offered a number of concessions to Assura as it fights to beat private equity giant KKR in its bid for the real estate investment trust. PHP, which has already made a number of bids for Assura – the latest at 51.7p per share, or £1.68bn – pledged to lower Assura’s [...]
Bargain Britain: UK firms under siege by foreign takeovers June 12, 2025 The London Stock Exchange has suffered a bruising week as private equity firms and foreign giants continue to snap up British bargains. Markets were hit with a double blow on Wednesday after Canadian consultancy giant acquired engineering firm Ricardo and KKR returned with a final bid for GP Landlord Assura. Assura has recommended a cash [...]
FTSE 100 flirts with record high but falters once more June 11, 2025 The FTSE 100 once more narrowly missed on a record closing high on Wednesday after faltering in the final moments of the trading session. The UK’s flagship index edged up 0.13 per cent to 8864.35p. This brought it just short of March’s record close of 8871.31p. Housebuilders topped the morning risers with Persimmon and Barratt [...]