London fintech Flagstone notches £108m US private equity funding as it eyes international expansion March 11, 2024 UK fintech savings platform Flagstone has landed £108m funding from US private equity firm Estancia Capital Partners as it looks to tackle savings inertia and ramp up international expansion.
Alter Domus: Cinven buys majority stake in fund administrator March 4, 2024 Permira first took a stake in Alter Domus in 2017, with the firm having seen revenue, earnings before interest, taxes, depreciation, and amortisation (EBITDA) and employees quintuple in that time.
Gymshark: Profits continue to fall despite surge in sales February 22, 2024 Profits continued to fall at Gymshark during its latest financial year despite its sales surging past £550m, newly-filed documents have revealed.
CVC launches sixth Asia fund as demand for private equity remains strong February 21, 2024 The new fund is 50 per cent larger than its predecessor, which was raised in 2020 and closed at $4.5bn (£3.6bn).
Gym goers switching from low-cost rivals help Total Fitness ‘significantly exceed’ pre-Covid levels February 19, 2024 Gym goers switching from low-cost rivals has helped membership at Total Fitness "significantly exceed" record levels seen prior to the Covid-19 pandemic.
Inflation and cost rises bring losses near £50m at Harringtons pet food maker February 16, 2024 A rise inflation and costs contributed to losses nearing £50m at the company behind the Harringtons pet food brand during its latest financial year, it has been revealed.
Revealed: The City of London’s top dealmakers of 2023 February 14, 2024 2023 was not a vintage year for dealmaking in the City but there was still plenty of scope for dealmakers to ply their trade.
Shift: The Yodel deal orchestrator backed by Sir Andy Murray and the Duke of Norfolk February 13, 2024 All you need to know about Yodel's new owner which is backed by Sir Andy Murray and the Duke of Norfolk.
The Body Shop: Why the high street icon is facing administration and what the future holds February 12, 2024 Why The Body Shop, an icon of the British high street, is facing an uncertain future as it prepares to enter administration.
Fund managers bullish on private equity in 2024 despite sector headwinds February 6, 2024 A key survey of private equity funds has found most managers are bullish for the year ahead despite the challenges facing the sector. In a study from Carne Group, which surveyed over 200 fund managers that collectively manage $1.6trn, private equity was selected by respondents as the most popular alternative investment. 28 per cent expected [...]