Paving the way for the US private equity firm to take control of the UK’s fourth-biggest supermarket group, Clayton, Dubilier & Rice (CD&R) has won the auction for Morrisons…
In the latest failure of the UK’s franchise system, the UK is taking control of Go-Ahead Group’s Southeastern rail contract after the transport company admitted financial errors…
Private consumer businesses in the UK and Europe remain close to breaching their lenders’ covenants, according to analysis by investment bank Lincoln International of its proprietary database of UK- and EU-based private equity-owned companies.
UK defence company BAE Systems has high hopes for its space business after acquiring UK-based In-Space Missions, giving it the ability to design, launch and operate complete satellites.
Michal Berkner, a partner at law firm Cooley, says: “We saw very robust M&A deal flow in the second quarter and throughout the summer in life sciences and tech.”
Phillip McCreanor, UK head of investment bank Lincoln International, says: “Private equity deal flow is so strong in the UK that some transactions have been slowed down by due diligence capacity constraints.”
Analysts have speculated that other private equity groups and Amazon, which has a partnership deal with Morrisons, could create a potential bidding war.
A successful takeover of Sydney Airport would be among the largest buyouts ever of an Australian firm.
The fate of UK inhaled treatments maker Vectura is set to be decided by a rare head-to-head auction where private equity firm Carlyle and tobacco giant Philip Morris will battle it out with new bids.
Germany’s Delivery Hero takes a stake in online food delivery rival Deliveroo, driving the UK company’s share price to its highest since listing on the stock market in March.
The US Federal Trade Commission says that a large increase in the number of mergers coming before the US antitrust enforcer for reviews is limiting its ability to investigate deals in a timely fashion.