EQT’s planned $1.1bn sale of Ginko unravels after Advent backs out Advent International has withdrawn from a $1.1bn deal to acquire Ginko International’s mainland China
Continue readingAdvent pays $10m breakup fee after EQT’s $1.1bn Ginko deal collapses
Advent International has paid around $10m in termination fees after its planned $1.1bn acquisition of the China operations of contact lens maker Ginko International from EQT fell apart in the final stages, according to a report by Bloomberg citing unnamed people familiar with the matter.
Continue readingMcKay Brothers launches ultra-low latency London–Singapore link
McKay Brothers has unveiled a new private transport network connecting London and Singapore with a round-trip latency of under 137 milliseconds, positioning it as the fastest available route for crypto and FX trading between the two financial hubs.
Continue readingBharti–Warburg JV plans $450m bond issue to finance Haier India stake acquisition
A joint venture between Bharti Enterprises and Warburg Pincus is preparing to raise around INR40bn ($451m) through a bond issuance next quarter to help finance its acquisition of a 49% stake in Haier’s India business, according to a report by Reuters citing unnamed people familiar with the matter.
Continue readingIBOSS to reduce OCF cap across three of its five MPS ranges
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Continue readingActivist Engine Capital takes 3% stake in Acadia Healthcare
Activist hedge fund Engine Capital has disclosed a roughly 3% stake in Acadia Healthcare, one of the largest US providers of mental health services, calling for a board refresh and a strategic review of the company’s assets, according to a report by the Financial Times.
Continue readingSchroders Personal Wealth CCO Ben Waterhouse heads to Ascot Lloyd
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Continue readingEight St James’s Place funds fail value assessment
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Continue readingRachel Reeves: Labour remains ‘unequivocal in our commitment to economic responsibility’
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Continue readingBlackstone, Warburg among bidders for €5bn CVC-backed Sebia
Blackstone, Warburg Pincus and Nordic Capital are among the private equity firms competing to acquire a stake in French diagnostics company Sebia, in a deal that could value the business at around €5bn, according to a report by Bloomberg.
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