EasyJet looks to slash head office roles before £5.7bn takeover Aviation Easyjet has confirmed it is looking at plans to cut head office jobs ahead of its £5.7bn private equity takeover. The Luton-based carrier is understood to be consulting on proposals that may see 50 head office roles slashed out of a team of over 2,300. It comes after Easyjet agreed a takeover in July for [...]
Aldermore owner mulls splitting group as Investec circles banking unit Banking Aldermore’s owner is set to make a decision over whether to split up the group after attracting bids that excluded its motor finance division, City AM can reveal. South African lender Firstrand put Aldermore on the sales block in April this year and received initial interest from around a dozen suitors, sources said. The process [...]
Sporta gets £5m injection as it seeks UK banking license Sport Business Sporta’s bid to become the UK’s first authorised bank dedicated to sport has been boosted by a £5m cash injection from a London-based private equity house. The Lazaroo-Hood Group, which also has a base in Jersey, will make the organisation Sporta’s largest shareholder, alongside the firm’s founders. The raise is a follow-on investment after earlier [...]
Goldman: Private Equity deals in sport surge 280 per cent since 2018 October 29, 2026 The number of private equity deals in sport has surged nearly 300 per cent since 2018, a new report has shown. The number grew from 50 in 2018 to 192 in 2025, representing a jump of 284 per cent, according to research in Goldman Sachs’ Playing for Scale report. There has been a surge of [...]
AI startup Ravical bags £12m to power accountancy’s private equity boom October 29, 2026 AI startup Ravical, serving accounting and tax firms, has raised over £12m in its latest seed round as it positions itself as the tech infrastructure for the sector’s current wave of private equity roll-ups. The tech business secured £12.75m in a funding round led by European venture capital firm MMC, City AM can reveal, along [...]
Why consulting giants aren’t quaking at Anthropic’s new AI venture October 28, 2026 Consulting firms have long focused on advising clients on adopting new tech, but now the biggest AI giant seems to be keen to adopt advisory skills, as the consultancy sector continues to pivot, writes Maria Ward-Brennan Last week it was revealed that Anthropic, the company behind some of the world’s most advanced AI models, plans [...]
Private equity-backed Unity Advisory hits 120 clients as former Big Four chiefs target rivals October 27, 2026 Having shaken off early legal threats from PwC, secured 120 clients, and already won work from traditional rivals, two former Big Four heavyweights told Rosie Harris-Davison that their advisory firm, Unity Advisory, is not a challenger but a contender in the evolving market. Marissa Thomas, former chief operating officer and managing partner at PwC UK [...]
Anthropic partners with British private equity firm to launch consultancy arm October 23, 2026 Anthropic is launching a new AI consultancy business in Europe after partnering with London-based private equity firm Hg, according to reports. The company behind some of the world’s most advanced AI models is expected to launch its consultancy firm by the end of the year, the Financial Times reported, set to be based in London [...]
As Weil eyes a merger, who is a sizeable suitor? October 22, 2026 US heavyweight law firm Weil Gotshal and Manges is reportedly pursuing a merger with another law firm and is in active discussions, fuelling speculation across the legal sector about the likely contenders. Leadership at the New York-headquartered firm, renowned as a powerhouse in corporate restructuring, private equity, and mergers and acquisitions, reportedly told top partners [...]
Accenture eyes sale of Chinese operations for up to $1.5bn October 19, 2026 Consultancy giant Accenture is eyeing a potential sale of its Chinese business operations for up to $1.5bn. The world’s largest publicly traded IT consultancy has hired JPMorgan to work on a strategic review of its Chinese business after receiving unsolicited interest in it over the past year, the Financial Times reported. Accenture’s Greater China unit [...]