Damp squib? Private equity frenzy fails to materialise as interest rate pain scuppers deals June 20, 2023 A much anticipated take-private frenzy from dealmakers in Europe has failed to materialise this year as rising interest rates dampen the appetite for debt-fuelled takeovers, analysts have said.
Boohoo: Struggling retailer faces shareholder revolt over boss’s £650k bonus June 19, 2023 Boohoo is facing a shareholder revolt at its upcoming AGM this week as tension brews over hefty bonuses handed to executives. The Manchester-based fast-fashion business‘s share price fall 2.13 per cent this morning, after Institutional Shareholder Services (ISS) asked investors to oppose the pay report following a decision to hike bonuses. “tThere is no compelling [...]
THG set for battle with shareholders over return of non-executive director June 11, 2023 E-commerce platform THG could face a shareholder rebellion at its upcoming annual general meeting this month over concerns surrounding the return of a non-executive director.
Soaring inflation and recession fears trigger UK dealmaking slowdown June 6, 2023 Mergers and acquisitions in the UK tumbled sharply in the first three months of the year as recession fears and rapid rate hikes spooked dealmakers, official figures have revealed today.
Sticky inflation and regulatory pressure push UK deals to lowest level since 2016 June 2, 2023 Deals in the UK have slumped to their lowest level since 2016 amid sticky inflation and regulatory pressure.
Mark Kleinman’s must-read column: Apollo, Ofgem and Hargreaves Lansdown May 18, 2023 Mark Kleinman is Sky News’ Business Editor and writes a must-read column for City A.M. on the biggest business stories of the week Apollo’s failed missions will make take-private landings harder Apollo and ground-breaking missions of accomplishment have long been synonymous. Right now, for the US-based investment firm of the same name, simply getting the [...]
THG shares tumble after bosses shut down Apollo takeover talks May 12, 2023 Retail group THG has shut down takeover talks with Apollo after its board deemed the US buyout giant had tabled “inadequate valuations” for the firm.
Calm before the storm? Private equity deals come roaring back after subdued start to the year April 25, 2023 Private equity deals in the UK slumped to their lowest level since 2020 in the first quarter of the year - but analysts are predicting it may just be the calm before the storm.
THG shares soar 10 per cent as investors cheer the appointment of BAT’s Farr April 24, 2023 Shares in THG soared 10 per cent after the beleaguered e-commerce platform drafted in a director of British American Tobacco to help take it private. Sue Farr, the senior independent director (SID) of BAT sits on the board of a number of FTSE 100 companies including used car dealership Lookers and real estate company Helical. [...]
Bidding war? Network International receives fresh £2.13bn takeover swoop from Brookfield April 21, 2023 Payments provider Network International said private equity firm Brookfield Asset Management had swooped in with a bid to buy the firm today for about £2.13bn today, just days after an offer from private equity firms CVC Capital and Francisco Partners.