Ministers to block foreign takeovers of UK firms under new law November 11, 2020 The government will today unveil legislation which will enable ministers to intervene and block firms in hostile states from taking over UK companies. Under the National Security and Investment Bill, it will be mandatory for deals involving firms in 17 sectors deemed of strategic importance to be notified to officials. In addition, the government will [...]
Power of Inclusion events continue to raise awareness July 1, 2020 In the second of the popular Power of Inclusion events we continued to raise awareness of structural barriers and internal beliefs that stop those from diverse socioeconomic backgrounds progressing in their careers. The session focussed on recruitment and what it looks like to hire the best talent there is irrespective of their background or route into [...]
US private equity funds swoop on UK for cheap deals February 17, 2020 The acquisition of UK companies by US private equity funds jumped 53 per cent last year as the depressed value of UK businesses make them attractive to overseas buyers. The value of UK companies acquired by US funds hit £14.2bn last year, up from £9.3bn in 2018. Brexit and pre-election uncertainty meant UK shares went [...]
US private equity snaps up UK companies on the cheap February 17, 2020 The total value of acquisitions of UK companies by US private equity funds jumped 53 per cent last year to £19.9bn. According to a report by law firm Mayer Brown, the depressed valuations of UK companies versus their European peers has made them look to be good value for funds. The period of Brexit uncertainty, [...]
Law firms lead Stonewall’s top LGBT-inclusive employers January 30, 2020 City law firms are some of this year’s most inclusive employers for the LGBT community, with 15 topping Stonewall’s employers of the year. Legal organisations were the second most inclusive sector, with fifteen firms on the list. Last year’s winners Pinsent Masons topped the private sector employers at fourth place. Mayer Brown and the Solicitors Regulation [...]
K&K Property Holdings makes London debut with £130m Covent Garden deal December 18, 2019 Hong Kong’s K&K Property Holdings has made its first investment in the London market with the acquisition of an office block in Covent Garden for £130m. Tenants in the 90,916 sq ft tower include co-working firm The Office Group and Marathon Asset Management. Read more: Central London office take up surges as fintech sector grows [...]
City Moves for 28 November – Who’s swithcing jobs at Hymans Robertson, Jupiter and Mayer Brown? November 28, 2019 Today’s City Moves includes Hymans Robertson, Jupiter and Mayer Brown Hymans Robertson Hymans Robertson, the leading pensions and financial services consultancy, has appointed Victoria Panormo to be Senior defined contribution (DC) investment consultant. Victoria joins the firm from Aon where she has worked as a senior DC investment consultant and client relationship manager across a [...]
City Moves for 1 November – Who’s switching jobs at Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown? November 1, 2019 Today’s City Moves includes Cripps Pemberton Greenish, Winckworth Sherwood and Mayer Brown Crsipps Pemberton Greenish Leading law firm Cripps Pemberton Greenish has announced the appointment of Melanie Stancliffe as partner at its London office. Melanie, who is ranked as an expert in legal directories Legal 500 and Chambers and Partners, joined the team on 30 [...]
Number of private equity takeovers of UK businesses falls 12 per cent September 16, 2019 The number of private equity acquisitions of UK businesses has fallen 12 per cent this year, from 311 in 2017/18 to 274 in 2018/19, according to data from law firm Mayer Brown. The firm’s corporate co-head Perry Yam said private equity fund managers were delaying investments pending the outcome of Brexit. However, the value of [...]
Construction industry output ‘drops like a brick’ to a decade low September 3, 2019 Britain’s construction industry suffered its sharpest decline in new work in more than a decade last month, as economic uncertainty hampered decision making among customers. New orders slumped at their worst rate since March 2009, according to closely-followed industry barometer the IHS Markit Purchasing Managers’ Index (PMI), which read just 40 for the category where [...]