Beleaguered AA set for £218m takeover by private equity firms TowerBrook Capital and Warburg Pincus AA said it is in advanced talks with TowerBrook Capital and Warburg Pincus Its board is willing to accept 35p a share offer which would value it at £218m The deadline for a binding offer set by the UK takeover watchdog … Read more
Cash-rich borrowers are being offered ever-cheaper mortgages while lenders have hiked prices for first-time buyers with small deposits for the fourth month in a row. With 95 per cent deals having vanished from the market, 90 per cent deals have become a lifeline for would-be homeowners struggling to save a deposits worth tens of thousands … Read more
The goal of Global Britain requires the country to preserve openness to foreign investment and its status as a thriving offshore financial centre. But achieving international ambitions if it continues to be the top destination for overseas and financially driven takeovers, as it has been for two decades, would be impossible. Too much of what … Read more
Private equity groups target bookmaker William Hill and nightclub giant Deltic in latest wave of dealmaking By Daily Mail City & Finance Reporter Published: 21:50 GMT, 8 November 2020 | Updated: 21:50 GMT, 8 November 2020 Private equity groups are targeting bookmaker William Hill and nightclub giant Deltic in the latest wave of dealmaking. Buyout … Read more
Struggling baker Hovis is snapped up by Leed-based private equity firm Endless in £75m deal By Daily Mail City & Finance Reporter Published: 21:51 GMT, 6 November 2020 | Updated: 21:51 GMT, 6 November 2020 Hovis has been bought by a Leeds-based private equity firm for more than £75million. Endless, which has previously invested in … Read more
A private equity firm has bought the 134-year-old bakery brand Hovis after winning a £100million bidding war with the Italian food firm Newlat. The historic business has been purchased by Endless LLP from joint venture owners Gores Group and Mr Kipling-owner Premier Foods for an undisclosed sum. Premier Foods said it will receive £37million in … Read more
Want to unlock cash tied up in your home? Find out your options in our free guide By Mail on Sunday Reporter Published: 11:47 GMT, 25 October 2020 | Updated: 11:48 GMT, 25 October 2020 The Mail on Sunday has produced an essential guide for people aged 55 or over who are looking to unlock … Read more
Steve Bannon said Sunday everything that has come to light from Hunter Biden’s hard drive is true as he paints Joe Biden as a ‘stone cold liar’ after revelations show deep financial ties between the Biden’s and Chinese Communist Party. ‘Joe Biden has lied about this for years,’ Bannon told Sky News in an interview … Read more
US private equity giant Apollo leads race to buy Asda after rival Lone Star backs out at the 11th hour By Francesca Washtell For The Daily Mail Published: 22:11 BST, 22 September 2020 | Updated: 23:21 BST, 22 September 2020 US private equity giant Apollo is in position to snap up Asda after its rival … Read more
One of Britain’s best-known private equity barons will make £50m when The Hut Group floats this month Dominic Murphy has a stake in The Hut Group believed to be just over 1.1 per cent The Hut Group has emerged as one of the major winners from the shift to online shopping during lockdown By Tom … Read more