World Rugby CEO Gilpin confirms private equity talks
World Rugby chief executive Alan Gilpin has confirmed that the global governing body has opened talks with private equity firms about investing in the sport. Gilpin said that World Rugby is in discussions with groups such as CVC Capital Partners and KKR over a deal that could include a stake in the commercial rights for […]
M&G says $8.7 bln Morrisons bid doesn’t reflect company’s true value
British money manager M&G has added to the voices criticising a proposed private equity takeover of British supermarket chain Morrisons, saying it does not reflect the true value of the company. Morrisons this month agreed to a takeover led by SoftBank Group Corp-owned Fortress, which valued Britain’s fourth-largest supermarket chain at about 6.3 billion pounds […]
Morrisons’ rejection of £5.5bn offer may spark bidding war for grocer
An unsolicited £5.5bn private equity bid for Morrisons, swiftly rejected by the supermarket chain, could spark a bidding war for Britain’s fourth biggest grocer and has raised concerns that other supermarket groups could be sold off to private equity. On Saturday night Morrisons said it had rebuffed a preliminary takeover bid worth just over £5.5bn from the US […]
Apollo closes in on agreement with group of foreign bidders for Morrisons
US private equity giant Apollo is closing in on an agreement to join forces with a group of foreign bidders for Morrisons supermarkets, tightening the consortium’s grip on the grocery chain. Fortress, which is backed by Japanese investment giant Softbank, has teamed up with American businessman Charles Koch and the Canada Pension Plan Investment Board […]
Private equity is key to recovery and growth of UK businesses
Private equity seems to be an industry marred with controversy. In recent months, coverage around prominent merger and takeover deals has proven to be overwhelmingly negative. Private equity firms have been presented as exploitative and aggressive entities, taking advantage of companies at risk of falling into administration due to the challenges by the COVID pandemic […]
Blackstone pays £969m for student digs firm: Private equity giant snaps up another UK bargain
Blackstone has made its second swoop in a matter of weeks on a FTSE 250 property company. Blackstone has teamed up with Dutch pension fund manager APG Asset Management to buy student halls operator GCP Student Living for £969million. GCP has accepted the deal and has urged shareholders to get behind it too. FTSE 250 […]
LDC back UK mid-market companies to the tune of £180m in H1 2021
LDC, the private equity arm of Lloyds Banking Group, provided £180 million of investment to back eight new management teams and to support its portfolio companies in the first half of 2021. The firm said its eight new investments demonstrated an ‘increasing appetite and ambition for growth’ amongst the management teams of UK mid-market businesses. […]
HIG Capital sells Bigsal to Nutreco Group
An affiliate of HIG Capital (HIG) has successfully completed the sale of Bigsal, an animal nutrition company in the north region of Brazil, to Trouw Nutrition, a subsidiary of the Nutreco Group, a leader in the sector. Over the last five years, HIG partnered with Bigsal’s management to invest in the expansion and modernisation of […]
HIG Capital sells Bigsal to Nutreco Group
An affiliate of HIG Capital (HIG) has successfully completed the sale of Bigsal, an animal nutrition company in the north region of Brazil, to Trouw Nutrition, a subsidiary of the Nutreco Group, a leader in the sector. Over the last five years, HIG partnered with Bigsal’s management to invest in the expansion and modernisation of […]
CVC Capital Partners is in talks to merge ATP and WTA tours
CVC Capital Partners owned F1 between 2006 and 2017, when it was taken over by Liberty Media; the company, which is a world leader in private equity and credit, eyes unifying ATP and WTA’s commercial activities under the name One Tennis, in which CVC would hold a minority interest The former owner of Formula One […]
