Cavendish taps top adviser to fend off foreign takeover interest Advisory Cavendish has drafted in advisers from a top corporate consultancy to help it fend off low-ball takeover bids amid a wave of consolidation in Britain’s financial services sector. Top brass at the boutique investment bank enlisted the help of specialists at Teneo last year, City AM can reveal, who conducted a valuation exercise to “support [...]
London fund manager Redwheel taps bankers for £150m sale Investing London-based fund manager Redwheel has called in bankers to run a potential sale process which could value the company at more than £150m, City AM can reveal. Redwheel, which manages around $22bn for clients across four equity and bond strategies, has recently begun working with London-based advisers at BNP Paribas to review its options after [...]
Asset manager Redwheel buys £1.1bn sustainable investor Ecofin Investment Asset manager Redwheel has moved to expand into the US with the buyout of sustainable asset manager Ecofin for an undisclosed price.
Royal Mail shareholder slams takeover bid as government comes under fire April 21, 2024 The second largest independent shareholder in Royal Mail's parent company, International Distributions Services (IDS), has publicly backed the company's rejection of a takeover bid.