Marlowe continues acquisitions spree to buy £17.2m healthcare company June 10, 2021 Marlowe, a specialist health and safety company, this morning announced the £17.2m acquisition of occupational health company Healthwork, marking it’s twelfth acquisition this year. The news swiftly follows Marlowe’s most recent acquisition just last week of fire safety and security service provider ACL for £7.3m. Marlowe said acquiring Healthwork, which employs over 80 clinical professionals, [...]
US healthcare data giants Datavant and Ciox strike $7bn merger deal June 9, 2021 Datavant and Ciox Health today announced they have agreed to merge. In a deal valued at $7bn, the combined company will become largest health data network in the US. The new company, named Datavant, will allow a secure exchange of data among its network of more than 2,000 US hospitals and 15,000 clinics. It will [...]
Domestic M&A retreats in first quarter after dealmaking wave at the end of 2020 June 8, 2021 Domestic UK M&A fell in the first quarter of 2021 after a flurry of dealmaking towards the end of 2020. During the first quarter, domestic M&A – where UK companies acquire other UK companies – was worth £3.8bn, a decrease of £5.3bn from the previous quarter last year, according to figures published by the Office [...]
FRP Advisory reports dip in insolvency jobs as government measures stave off corporate collapses May 14, 2021 FRP Advisory reported a drop off in restructuring appointments in the last financial year as government financial aid protected many businesses from collapse during the Covid pandemic. The professional services firm, which plans to pay a dividend for the year, said the number of insolvency appointments it secured in the last 12 months was down [...]
Sanne Group rejects private equity firm Cinven’s £1.35bn buyout offer May 14, 2021 UK private equity firm Cinven said this morning that Sanne Group, an alternative asset and corporate services business, has rejected its £1.35bn buyout offer. The company said it is now considering all options, and has until 11 June to make a firm offer or walk away. Earlier this month Cinven made a proposal of a [...]
US investment giant to take London-listed UDG Healthcare private in £2.6bn deal May 12, 2021 UDG Healthcare, the Dublin-based health services group, is set to go private after a subsidiary of US private equity giant Clayton, Dubilier & Rice made a £2.6bn cash offer to buy the firm. Nenelite, an Ireland-based affiliate of Clayton, Dubilier & Rice, today announced the proposed deal, which is subject to shareholder approval and is [...]
US dealmaking pushes global M&A to first-quarter high April 13, 2021 Global M&A is on course for a record-breaking year as pent up demand pushed deal-making to an all time high in the first quarter. The momentum seen in the latter half of 2020 has continued unabated with the M&A market surging in the first three months of the year. The number of deals is up [...]
CVC Capital Partners makes $20bn bid to take Toshiba private April 7, 2021 Toshiba has received a $20bn offer from CVC Capital Partners to take the Japanese conglomerate private. Toshiba confirmed this morning that it had been approached by the private equity firm with an acquisition proposal. The firm said it “will ask for further clarification and give it careful consideration”, but did not provide any further details. [...]
SPAC phenomenon helps global M&A break $1 trillion barrier in first quarter April 1, 2021 It has been a flying start for global M&A this year with blank-cheque vehicles becoming one of the principal drivers of deal-making. Special acquisition companies – SPACs – have become the go-to option for firms looking to go public. For targets the vehicles are potentially an easier route to market than a traditional IPO. The [...]
Hurst Point completes acquisition of Hawksmoor Group March 2, 2021 Private equity firm Hurst Point Group has fully acquired Hawksmoor Group, completing the transaction on 1 March 2021. Investment management firm Hawksmoor will become a separate subsidiary of Hurst Point. Hawksmoor CEO Sarah Soar said: “Today marks a landmark in the history of Hawksmoor. Becoming part of the Hurst Point Group gives us support to [...]