AA’s biggest investors in conflict over private equity firms’ £218m offer for the debt-ridden breakdown firm By Daily Mail City & Finance Reporter Published: 21:50 GMT, 30 November 2020 | Updated: 22:08 GMT, 30 November 2020 A battle over the AA’s future has broken out after its two top shareholders took opposite sides on a … Read more
Shareholder organisation ShareSoc backs class action that seeks justice for investors who lost money in Woodford Equity Income By Jeff Prestridge, Financial Mail on Sunday Published: 21:51 GMT, 28 November 2020 | Updated: 21:51 GMT, 28 November 2020 Powerful shareholder organisation ShareSoc has given its backing to a class action being put together by law … Read more
Private equity firms approach Sabadell about buying TSB from the Spanish bank By Emma Dunkley, Financial Mail On Sunday Published: 21:51 GMT, 28 November 2020 | Updated: 21:51 GMT, 28 November 2020 Private equity firms have approached Sabadell about buying TSB from the Spanish bank. It is understood that NewDay, a credit card provider, looked … Read more
Roadside recovery firm AA banks on £218m private equity rescue: Stock crashes 86% since listing By Matt Oliver For The Daily Mail Published: 22:07 GMT, 23 November 2020 | Updated: 22:07 GMT, 23 November 2020 The AA looks set to end its disastrous run on the stock market after bosses said they were prepared to … Read more
Beleaguered AA set for £210m 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 £209.6m 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
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
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