Private equity buys Aggreko in £2.3bn deal: Power generation firm is latest to be snapped up in pandemic plundering The FTSE250 power equipment provider has accepted an offer from I Squared Capital and TDR Capital worth 880p per share Chairman Ken Hanna insisted the offer was ‘an attractive price in cash that fairly recognises Aggreko’s … Read more
Private equity firm CVC seeks to cash in on the Covid fight by investing in firms running the vaccine rollout By Daily Mail City & Finance Reporter Published: 22:04 GMT, 17 February 2021 | Updated: 22:04 GMT, 17 February 2021 CVC Capital Partners has reportedly snapped up stake in firms involved in running the computer … Read more
Generator firm Aggreko becomes latest British firm to be targeted by private equity By Mark Shapland For The Daily Mail Published: 21:50 GMT, 5 February 2021 | Updated: 21:50 GMT, 5 February 2021 Aggreko has become the latest British firm to be targeted by private equity. The generator firm has received a £2.25billion approach from … Read more
The average rate of a lifetime mortgage has reached a record low, whilst the number of available options is at an all-time high. The typical rate across lifetime mortgages has dropped below 4 per cent for the first time according to Moneyfacts, with the average rate now at 3.95 per cent – down from 4.49 … Read more
Marston’s bosses snub private equity firm’s £666m bid saying it undervalues the pub and brewing business By Daily Mail City & Finance Reporter Published: 22:07 GMT, 1 February 2021 | Updated: 22:07 GMT, 1 February 2021 Bosses at Marston’s have rejected a £666million takeover offer from a private equity firm saying it ‘very significantly undervalues’ … Read more
Private equity predators expected to snap up swathes of British companies this year after deal volumes hit their lowest level in seven years in 2020 By Daily Mail City & Finance Reporter Published: 00:01 GMT, 1 February 2021 | Updated: 00:01 GMT, 1 February 2021 Private equity predators are expected to snap up swathes of … Read more
Over-55s become cautious about cashing in on their homes with equity release drawdowns dropping by more than a fifth last year By Helen Crane For Thisismoney.Co.Uk Published: 07:46 GMT, 29 January 2021 | Updated: 07:46 GMT, 29 January 2021 Older homeowners were more cautious about taking cash out from their properties in 2020, as drawdowns … Read more
Multi-millionaire private equity tycoons who masterminded a takeover which left Debenhams loaded with £1.2billion of debt are facing calls to bail out its stricken pensioners. The 243-year-old department store firm collapsed after a loss of £491.5million in 2018, buckling under the impact of online competition and a failure to invest in stores and products. Although … Read more
Actors’ union Equity slams London’s new Tier 3 lockdown as dealing another hammer blow to struggling theatre workers who will face a ‘winter in the cold due to a government in chaos’ Equity union leader said performers are facing a ‘winter in the cold’ due to Tier 3 Out-of-work actors usually find jobs in hospitality … Read more
Music rights investment fund Hipgnosis has announced its intentions to undertake another equity raise as it targets £1billion worth of acquisitions. The group, co-founded by a former manager of Elton John, has already invested almost £1.2billion in procuring over 110 catalogues that include songs from artists such as Fleetwood Mac, Blondie and the Kaiser Chiefs. … Read more