Castlelake urges Easyjet investors to back £4.7bn takeover bid June 22, 2026 Private equity firm Castlelake is calling on investors in Easyjet to lobby the budget airline to accept its third takeover offer, after the FTSE 250 carrier slapped down its latest bid over the weekend. The bidder said on Monday that Easyjet has rejected three successive takeover bids and criticised the airline for its “unwillingness to [...]
Intertek to quit FTSE 100 after agreeing £11bn EQT takeover June 18, 2026 FTSE 100 giant Intertek has agreed to an £11bn takeover by Swedish buyout firm EQT, triggering the latest high-profile departure from the London Stock Exchange. The testing and assurance company said on Thursday that it has agreed to the £60 per share offer, valuing the deal at £9.5bn, or £10.9bn including debt. The agreement seals [...]
Struggling Pizza Hut snapped up by private equity in $2.7bn deal June 16, 2026 Struggling restaurant chain Pizza Hut is set to be offloaded to private equity by its owner Yum Brands in a $2.7bn deal. Most of the pizza giant’s global operations will be sold to Long Range Capital just months after 250 restaurants were put on the chopping block. Pizza Hut’s locations in mainland China are excluded [...]
Everyman set to quit London stock exchange over investor pressure June 16, 2026 Luxury cinema chain Everyman is set to drop its London listing over pressure from its shareholders, including an investment firm poised to trigger a takeover bid. Everyman said on Tuesday that it is likely to recommend to its shareholders that it drops its listing on the challenger AIM market, sending its share price plummeting. The [...]
Kroll chief Jacob Silverman: AI won’t kill ‘mission critical’ advisory work June 9, 2026 Jacob Silverman arrives at Kroll’s vast City office for our interview fresh off a delayed flight from Atlanta, but you’d never know unless the bright-eyed New Yorker hadn’t mentioned it. Between sips of diet coke, the firm’s global chief executive offers City AM an upbeat assessment of AI’s influence on the consultancy sector that seems [...]
Tate & Lyle becomes latest market stalwart to quit London June 9, 2026 Tate & Lyle on Monday became the latest City stalwart to head for the door. Felix Armstrong recounts the accelerating exodus from London’s stock market As the summer holidays beckon, stalwarts of the London Stock Exchange are packing their bags ahead of a potential departure to warmer climes. FTSE grandee Tate & Lyle became the [...]
Private equity faces ‘sharp shock’ of triple threat stalling market momentum June 8, 2026 The global private equity market has stalled as it faces a triple-shock of issues which are contributing to a slowdown in market momentum, according to new figures from Bain & Company. The Big Three consulting firm said in its midyear report on private equity that the industry, “which was gathering momentum at the start of [...]
Partners Group suffers surge in withdrawal requests and braces to cap more funds June 4, 2026 Partners Group warned that its flagship private equity fund had been hit by a flurry of requests from wealthy investors, raising concerns the Swiss firm would have to cap withdrawals, a day after doing so on a major European fund. Redemption requests at its $16bn private equity master fund reached roughly six per cent of [...]
Kirkland & Ellis partners with Palantir for AI-driven private equity work June 4, 2026 The world’s largest law firm by revenue, Kirkland & Ellis, has agreed to partner with tech giant Palantir to create an AI tool to use in advising private equity firms. The US-based firm, which has a large City office, said the multi-year partnership will deploy technology to share the expertise of its leading partners with [...]
Professional services firms’ future hinges on private equity, Kroll chief says June 4, 2026 Private equity has been rewiring the professional services industry over the last few years, and with the sector undergoing enormous disruption from AI, stagnant growth, and a highly competitive market, PE investment is increasingly becoming a lifeline for firms to stay afloat. According to Jacob Silverman, chief executive of advisory and consultancy firm Kroll, private [...]