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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Cold fusion: London turnaround group Melrose snaps up US aircon company for £2.2bn

July 6, 2016

Shares in turnaround group Melrose shot up by more than 30 per cent on Wednesday after it announced the $2.8bn (£2.2bn) acquisition of a US heating and air conditioning company. Melrose said the $86-per-share offer represented a premium of around 37.6 per cent and the Nortek board intends to recommend the deal to shareholders. Read [...]
Deutsche Boerse tells German politicians: Merged stock exchange will have EU HQ

July 6, 2016

Deutsche Boerse has informed politicians in Germany that it will have an EU headquarters after a merger with the London Stock Exchange, City A.M. has learned. This would mean that, after a full Brexit, London would either lose or share the HQ of the combined group. Mark Garnier, a Conservative MP on the Treasury Select [...]
London may lose, or share, merged stock exchange HQ after Brexit – sources

July 5, 2016

The City is at risk of losing, or sharing, the merged headquarters of the London Stock Exchange and Deutsche Boerse in the wake of Brexit, City A.M. understands. Executives at the exchanges are scrambling to reach an agreement over the location of their post-merger base, with pressure from Germany for the merged entity to have an [...]
International Public Partnerships share issue

July 5, 2016

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Fitbug turns to crowdfunding as it takes aim at corporate fitness

July 5, 2016

Wearable fitness tracker maker Fitbug is turning to crowdfunding as it seeks to raise £2.6m. Crowdfunding platform SyndicateRoom is offering investors enterprise investment scheme (EIS) shares, on the same terms of institutional investors. Fitbug, which is listed on the London Stock Exchange’s alternative investment market (Aim), has already raised £852,000 through institutional investors. This leaves up to £1.76m [...]
Roar: Dragon Capital brings Vietnam investment opportunity to the world – via London

July 5, 2016

The London Stock Exchange today welcomes a new entrant at a time when several firms are understood to be postponing and calling off flotations after the UK’s Brexit vote. The flagship fund of investment management company Dragon Capital, Vietnam Enterprise Investments Limited (VEIL), today begins trading on the main market with a launch price of 250p. [...]
Columbia Threadneedle commits to London as asset managers plan Brexit discussions

July 4, 2016

Fund manager Columbia Threadneedle has committed to keeping its European headquarters in London after Brexit. The company confirmed it has “begun the process of applying to expand the scope of our Luxembourg-based management company to enable us to establish an asset management presence in the EU”. Read more: Brexit is not proving an asset to [...]
Big firms suffer as investment banking fees plunge 23 per cent in first half of 2016

July 4, 2016

Investment banking (IB) fees plunged by more than a quarter in the UK and Ireland in the first half of 2016, new figures show. Global fees for the six-month period were $37.1bn (£27.9bn), down 23 per cent on the same period in 2015, according to Thomson Reuters. This was the lowest first-half figure since 2012. And the [...]
Trading suspended on UK real estate fund after post-Brexit vote outflows

July 4, 2016

Trading has been suspended on Standard Life Investments’ UK real estate fund in response to increased outflows. The suspension, which came into force at midday on Monday, is in response to “exceptional market circumstances” after the UK’s Brexit vote. Read more: Commercial real estate share prices hit as future of City looks uncertain The company [...]
UK private equity firm 3i brushes up €102m from cosmetic business sale

July 4, 2016

Private equity group 3i has announced the sale of a German company which makes cosmetic brushes. Geka has been sold to Swiss company Sulzer, which specialises in "pumping solutions, rotating equipment services, and separation and mixing technology", for €178m (£149m). The UK-listed company made €102m from today’s transaction as well as €23m from a refinancing in [...]

Sainsbury’s threatens to crack down on shoplifters caught swapping eggs

What next for LIV Golf and Newcastle United after Saudi PIF strategy shift?

The watch podcast disrupting the ‘pale, male and stale’ image

By: William Turvill

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