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 [...]
Maybe analyst recommendations DO add value February 16, 2021 | City Talk This is something all investors know for a fact: following analyst buy or sell recommendations isn’t going to lead to outperformance in the long run. Or is it? A new study may cast some doubt on the conventional wisdom. In “Analyst Recommendations and Anomalies Across the Globe,” Vitor Azevedo and Sebastian Müller, CFA, examine 3.8 million analyst forecasts in [...]
Last orders: US private equity giant calls time on bid to buy pub chain Marston’s February 11, 2021 Platinum Equity Advisors today announced its intention to pull out of its bid to buy British brewer and pub chain owner Marston’s. Marston’s, which runs around 1,400 pubs, rejected a £690m takeover offer from the US private equity firm last month, claiming that the bid undervalued the company. The British Hobgoblin brewer has seen shares [...]
Financial markets continue to hang on two Vs: vaccine and virus February 9, 2021 Global equities bounced strongly last week, gaining nearly 5 per cent and more than reversing their losses from the previous week. Stock markets ended the week at new highs and opened again higher yesterday. The market correction ended up lasting no more than a week. “So too did the surge in GameStock which has fallen back [...]
TDR Capital aims for bullseye with £540m Arrow offer February 8, 2021 Private equity firm TDR Capital has made a fourth offer for European investor and asset manager Arrow Global. The offer stands at a price of 305 pence per share, TDR said on Monday. Shares in Arrow rose 29 per cent to 298 pence following the bid, which would value the company at around £540m. The [...]
TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko February 5, 2021 TDR Capital makes £2bn offer for Glastonbury power supplier Aggreko
Private equity deal activity bounces back in second half of 2020 February 1, 2021 Private equity activity in the UK bounced back in the second half of 2020, but the spring’s lockdown meant that the total number of deals fell to the lowest level in seven years. According to Big Four auditor KPMG, 889 deals were completed last year, with a total value of £87.2m. The figure is the [...]
Ollie Phillips: Private equity investment is the impetus rugby needs for short-term survival and long-term prosperity January 31, 2021 Private equity in rugby is back on the agenda, with the long-rumoured CVC Capital Partners and Six Nations deal now said to be imminent. Meanwhile, US buyout firm Silver Lake is keen to add a stake in the All Blacks to a portfolio that also includes Manchester City. All this will make some in sport [...]
Apollo boss Leon Black steps down after review into Epstein ties January 26, 2021 Leon Black will step down as chief executive of Apollo Global Management following an independent review into his ties to Jeffrey Epstein. “Given the extraordinary strength and depth of Apollo’s management team and consistent with best-in-class governance practices, I have advised the Apollo Board that I will retire as CEO on or before my 70th [...]
Bumper year for private equity as deals soar 257 per cent January 26, 2021 The number of UK listed companies taken private by private equity firms jumped from seven to 25 in private equity boom year. The total value of UK listed companies taken private by private equity firms increased from £2.3bn to £21.1bn in 12 months to 30 September 2020, research compiled by BDO has found. The audit [...]