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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EU referendum: Brexit support growing – but Remain retains lead in new Survation poll

March 24, 2016

Support for a so-called Brexit is growing – but Remain has retained its lead. This is the finding of a new poll of more than 1,000 Britons by Survation. Some 35 per cent of its respondents said they would vote to leave the European Union. This was up from 33 per cent when the poll was [...]
Premier Foods share price dips after Japanese instant noodle maker Nissin agrees to buy 17 per cent stake in Mr Kipling owner

March 24, 2016

Japanese instant noodle maker Nissin Foods has agreed to buy a 17.27 per cent stake in Mr Kipling owner Premier Foods from US private equity firm Warburg Pincus. The deal has been announced the day after Premier rejected a second takeover approach from US rival McCormick. The share price of Premier fell slightly today after jumping [...]
Yahoo hedge fund investor Starboard Value LP nominates nine directors to overhaul web portal’s board, saying company has “failed to deliver results”

March 24, 2016

Yahoo investor Starboard Value LP has nominated nine directors to overhaul the web portal's board. The hedge fund wrote a letter to Yahoo's shareholders this morning saying the current board has "failed to deliver results". It said significant board changes are needed to "hold management accountable". Read more: Yahoo considers selling up to $3bn non-core assets Starboard [...]
Tech, media and telecoms executives concerned workforces won’t be able to keep up with technological advancements

March 24, 2016

Technology, media and telecoms (TMT) executives are worried their workforces won't be able to keep up with technological advancements, according to a new report. PwC found TMT bosses are positive about the prospect of new developments driving revenue growth. But one of the top threats facing their growth prospects is a “shortage of tech-savvy skilled workers who can keep up with [...]
Global M&A activity tumbles 25 per cent as UK loses its appeal with EU referendum looming

March 24, 2016

The UK appears to be losing its mergers and acquisitions (M&A) appeal in 2016. UK-targeted M&A activity has fallen 39 per cent year on year in the first quarter to $45.9bn (£32.6bn), according to a global report from Dealogic. The fall in UK-targeted M&A has been linked to the looming EU referendum and a weakened pound. Read more: EU [...]
Investors should be more concerned about Donald Trump than a Brexit, says fund manager Richard Woolnough

March 24, 2016

Investors should focus more on the prospect of Donald Trump than a so-called Brexit, according to a fund manager. Richard Woolnough manages around £35bn at M&G Investments. In a note to investors, he said the outcome of the US presidential election was more important than the UK's EU referendum. Read more: Trump and Clinton get the vote from [...]
Moody’s downgrade for Sysco after US company’s acquisition of London-based food supplier Brakes

March 23, 2016

Moody's has downgraded Sysco, citing the US company's acquisition of London-based food supplier Brakes for $3.1bn (£2.2bn). The ratings agency also believes Sysco will use Brakes as a platform to make further acquisitions in Europe in the near future. Sysco's long-term rating has been downgraded from A2 to A3 and short-term from Prime-1 to Prime-2, [...]
Moody’s downgrade for Sysco

March 23, 2016

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Advent International builds $13bn global private equity warchest in six months for buyouts, recapitalisations and growth equity transactions

March 23, 2016

Advent International has raised $13bn (£9.2bn) for a new global private equity fund in six months. The new fund, Advent International GPE VIII, will invest in buyouts, recapitalisations and growth equity transactions. It will primarily focus on Europe and North America but also selectively in Asia and Latin America. Read more: Private investment funds raise more than $500bn [...]
“Riskier” European M&A market may mean sellers have to lower prices and heighten risk appetites this year

March 23, 2016

Sellers may have to lower their prices and heighten risk appetites in this year's European mergers and acquisitions (M&A) market, according to a new report. Law firm CMS's eighth annual M&A Study found 2015 was a record year for European activity, as was the case across the globe, with more than $5 trillion of deals tracked. But 2016 is “already [...]

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By: William Turvill

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