Manchester aviation firm Aeroco Group acquired in MBO
Aeroco Group, a Manchester-headquartered aviation firm specialising in the maintenance, repair and overhaul (MRO) of aircraft cabin and cargo components, has been acquired via a management buyout led by Chief Executive Jonathan Bird, and Managing Director Tony Lewin. As part of the change of ownership, original founder William Sheil will exit the business, having left […]
Michaels, bolstered by the pandemic craft boom, is attracting buyout interest from private equity.
Apollo Global Management and at least one other private equity firm have expressed interest in acquiring Michaels, the hobby retailer, according to two people familiar with the situation. A buyout would return the retailer to private hands after seven years as a public company. The values of the bids weren’t clear. Bolstered by a pandemic […]
Healthcare group Sanofi launches buyout offer for rival Kiadis
French healthcare group Sanofi has launched a takeover offer for smaller peer Kiadis, the companies said on Friday, in a deal that would value Kiadis’ at around 220 million euros ($265 million). Sanofi’s takeover offer is priced at 5.45 euros, a premium of around 1.9% to Kiadis’ closing price of 5.35 euros on Feb. 11. […]
Thomson Reuters Announces Closing of Sale of Refinitiv to London Stock Exchange Group
Thomson Reuters today announced that it and private equity funds affiliated with Blackstone have closed the sale of Refinitiv to London Stock Exchange Group plc (LSEG) in an all-share transaction. Refinitiv is Thomson Reuters former Financial & Risk business, a majority interest in which was sold to Blackstone’s consortium in October 2018. Thomson Reuters and […]
Foley-backed SPAC nears $7.3 billion deal with Blackstone’s Alight: sources
A blank-check acquisition firm backed by veteran investor Bill Foley is nearing an agreement to take Alight Solutions LLC, the U.S. benefits services provider owned by buyout firm Blackstone Group Inc, public at a valuation of $7.3 billion including debt, people familiar with the matter said on Sunday. The deal illustrates how Alight has become […]
Buyout firm TPG in lead for stake in AT&T’s DirecTV
Private equity firm TPG has entered into exclusive talks to acquire a minority stake in AT&T Inc’s satellite TV division, DirecTV, in a deal that would allow the U.S. wireless carrier to trim its net debt of close to $150 billion, people familiar with the matter said on Friday. The exact price TPG is willing […]
AA Shareholders Approve $3.8 Billion Private Equity Buyout
AA Plc’s shareholders approved a takeover of the roadside assistance provider after the private equity suitors overcame opposition from a major investor. The deal was cleared by investors holding 88.6% of the shares voted at a meeting Thursday, AA said in a statement. The offer from Warburg Pincus and TowerBrook Capital Partners values London-listed AA […]
Buyouts may be bad for your health
After a year in which Covid-19 has cruelly exposed the frailties of Britain’s social care system, what’s striking is how little investors’ interest in the business of nursing and curing has dimmed. Forget all those shaming death statistics that came out of care homes, their hand-to-mouth funding, and the fact that some large chains were […]
Santander rules itself out of race to buy TSB
TSB was put up for sale in November by its Spanish owner, Banco Sabadell Santander has ruled itself out of the race to acquire TSB after the British bank was put up for sale in November. Speculation was mounting that Santander would throw its hat in the ring as the Spanish bank sought to acquire […]
Countrywide agrees to takeover by rival Connells
Estate agency had been weighing rescue options to reverse long decline in share price Connells has reached an agreement to buy rival UK estate agency Countrywide, drawing a line under a long-running battle for control of the company. The deal is a lifeline for Countrywide, which has been weighing rescue options to reverse a decline […]
