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.
THG boss Matt Moulding lashes out at media, investors and analysts in six minute video that includes quotes from Nelson Mandela April 18, 2023 THG’s chief executive Matt Moulding published a lengthy video on Instagram Tuesday night taking aim at the media, institutional investors, stockbrokers and analysts in the latest escalation of his war with the City’s financial services sector. Moulding’s video quotes extensively from the Wolf of Wall Street, whilst also seeming to compare THG’s expansion in the [...]
THG shrugs off £495m operating loss as luxury retailer mulls Apollo buyout April 18, 2023 THG has revealed an operating loss of £495.6m as the online retailer admitted having to fork out for soaring international delivery costs and a strategic review of its stock The London-listed e-commerce platform posted a 2.7 per cent jump in group revenues to £2,239.2m, compared to £2,179.9m the previous year, as the company undergoes a [...]
FTSE 100 close: THG skyrockets 40 per cent while miners edge London index higher April 17, 2023 London’s FTSE 100 kicked off a fresh week in muted fashion today, inched higher by investors snapping up shares in mining giants, while fashion firm THG skyrocketed more than 40 per cent on mounting takeover rumours. The capital’s premier index added 0.1 per cent to close at 7,879.52 points, while the domestically-focused mid-cap FTSE 250 [...]
Apollo commits to London with new office to act as ‘hub’ for European expansion April 17, 2023 Apollo is set to open a new office in London as it seeks to continue its expansion into Europe amid a flurry of dealmaking. In a release put out today, the US private equity fund said it will combine its teams in a 88,000 square foot office at 1 Soho Place. The office – which [...]