By: William Turvill

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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Activist investor Chris Hohn launches bid to block €8.5bn aerospace deal, potentially pitting TCI against the French government

February 14, 2017

Sir Chris Hohn’s activist hedge fund has launched a bid to block an €8.5bn (£7.2bn) aerospace deal. The Children’s Investment (TCI) Fund, which owns a 4.1 per cent stake in Safran, wants to block the aircraft-engine maker’s takeover deal for plane-seat supplier Zodiac. Read more: Safran's €8.5bn takeover of aircraft seat maker Zodiac takes off [...]
City watchdog seeks to improve capital markets for companies and investors

February 14, 2017

The City watchdog today laid out a discussion paper seeking advice on how the UK primary capital markets could be improved for companies seeking funds and investors. The Financial Conduct Authority (FCA) is canvassing views on whether primary equity markets provide enough capital for company growth, particular in the early-stage science and technology sector. Read [...]
Parkdean and NewDay deals helped European private equity stage late comeback in 2016

February 14, 2017

European private equity activity began to recover in the last quarter of 2016 after a difficult first nine months to the year, according to a report published today. Although the number of European private equity deals tracked by the Private Equity Barometer fell, the total value of the transactions came in at its highest level, €39.1bn, [...]
Behind the deal: Biggest IPO of 2017 so far is another triumph for boutique investment bank Zeus

February 14, 2017

Actuarial and consulting firm Xafinity today announced plans for the biggest UK float of 2017 so far. Weighing in at £190m, the first premium main market listing of the year marks another triumph for boutique investment bank Zeus Capital, which acted as financial adviser, bookrunner and sole broker. Skiing, mountain biking and initial public offerings Read [...]
US extends probe into $43bn ChemChina-Syngenta deal

February 14, 2017

The US has asked for more information for its probe into China’s largest ever foreign acquisition. But Syngenta, the Swiss chemical company being taken over by ChemChina in a $43bn (£34bn) deal, said the transaction should still complete in the first half of this year. “We have received a second request but do not expect [...]
Investment company targeting Middle East e-commerce floats on Nex

February 10, 2017

A new investment company targeting the Middle East e-commerce sector is listing on the Nex Growth Market today. Dealings of ordinary shares on the company, Indigo Holdings, will start at 8am. Read more: British exporters look to Middle East and Asia to avoid Brexit uncertainty The investment firm has raised more than £800,000 from the [...]
Lurpak container maker aims to spread business globally with £500m US takeover

February 9, 2017

UK packaging firm RPC Group’s shares dropped six per cent today after it announced a $640m (£511m) US acquisition. RPC, which makes containers for the likes of Lurpak butter, Philadelphia cheese and Dulux paint, has agreed to buy plastic food-packaging products firm Letica Group. Read more: RSA shares rise at the open as it disposes [...]
Henderson shares hit as fund manager reports £4bn outflows

February 9, 2017

Henderson Group’s shares dropped three per cent on Thursday after the fund manager reported outflows of £4bn last year. The figures Assets under management (AUM) grew 10 per cent during the year, closing 31 December at £101bn, as market gains more than offset the net outflows. The company reported underlying pre-tax profits of £212.7m, down [...]
“Our aim certainly is not to punish the UK,” insists Brussels’ financial services commissioner

February 8, 2017

Politicians tend to seek the limelight. They court media interest with controversial policy ideas, catchy soundbites and displays of tribal affiliation. But it's people like Valdis Dombrovskis, quiet bureaucrats who do their best to keep beneath the radar and get their job done, who exercise a hidden power. This is particularly true of the European [...]
Top EU envoy Valdis Dombrovskis jets into town for talks with chancellor and City chiefs

February 8, 2017

One of the EU's top commissioners jets into London this morning for a whirlwind pre-Brexit tour of the capital, telling City A.M. that a future deal on financial services must "work for all". Valdis Dombrovskis, vice president in charge of financial services, said the European Commission would not set out to “punish” the UK during [...]

UK fintech Zempler Bank gets snapped up for less than half its previous valuation

Why KKR-Arctos is not just about private equity getting bigger

The unlikely City florist that once served the royals

By: William Turvill

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