Faberge offloaded by stone miner Gemfields August 11, 2025 Luxury jewellery maker Faberge has been sold by its London-listed owner Gemfields to a tech entrepreneur in a deal worth $50m (£37.2m). The firm, best known for its opulent, ornate eggs, was sold to Sergei Mosunov’s US-based private equity house, SMG Capital, after coloured stones miner Gemfied announced a strategic review of the brand, after [...]
Companies cracking down on investment bank leaks August 8, 2025 Big companies are putting investment banks under pressure to cut back on the number of advisers working on UK takeover deals, as concerns about leaks grows. Several clients have asked banks to review the number of employees that have to be informed about live transactions in recent weeks. This stemmed from rising concerns among regulators [...]
Spectris bidding war intensifies as KKR submits fresh offer August 5, 2025 The private equity bidding war for precision instrument business Spectris has stepped up a gear after New York-based KKR stepped in with a fresh offer that values the business at £4.8bn. The offer of 4,175p per Spectris share outflanks a fresh offer made by Boston-based Advent of 4,100p per share on Friday, and represents a [...]
Advisory giant Teneo valued at £1.7bn in fresh deal August 4, 2025 Advisory firm Teneo has received fresh backing from a top Liechtensteiner buyout firm valuing it at $2.3bn (£1.73bn), in a deal that suggests the malaise afflicting the world’s largest holding companies and consultancies is not extending to more specialist or diversified firms. LGT Capital Partners is backed by Liechtenstein’s royal family and has over $100bn [...]
Auction Technology Group shares tumble after debt-fuelled acquisition of Chairish August 4, 2025 Shares in Auction Technology Group tumbled on Monday after the firm added to its debt pile with the acquisition of furniture marketplace Chairish in a $85m (£64m) deal. The London-listed company said it had extended its revolving credit borrowing capacity to $275m alongside the deal, which was funded by a combination of cash and debt. [...]
Why Evercore bought Robey Warshaw – the boutique bank that signed George Osborne July 30, 2025 With the announcement that Robey Warshaw has been bought for £146m by Evercore, the potent boutique dealmaker is set to morph into a UK foothold for the New York-based advisory firm. Evercore boss John S. Weinberg praised Robey Warshaw’s “extraordinary, long-standing relationships”, forged by its five partners – led by Simon Robey and Simon Warshaw. [...]
Santander UK axes jobs and branches in transformation overhaul July 30, 2025 Santander UK recorded a surge in provisions as the bank powered forward with its transformation strategy slashing its branch network and shedding workers. The bank said provisions for other liabilities and charges were up 74 per cent to £249m driven by “higher transformation related charges”. The lender listed losses and provisions as rising 119.8 per [...]
Evercore to acquire Robey Warshaw for £146m July 30, 2025 Robey Warshaw, the City advisory firm that counts former Chancellor George Osborne among its partners, is to be acquired by US finance giant Evercore in a £146m deal, bringing to an end speculation around the future of the firm. Evercore aims to use Robey Warshaw as a foothold in the Square Mile, tapping into relationships [...]
Wood Group likely to recommend takeover sparking delisting fears July 28, 2025 London-listed engineering and consulting firm Wood Group said it is likely to recommend a takeover by Middle Eastern-based privately owned company Sidara sparking another potential delisting from the London Stock Exchange. Wood said on Monday that Sidara, formerly known as Dar Al-Handasah, had expressed interest in acquiring the group with a 35p per share deal. [...]
Which UK banks are next in line for a takeover? July 11, 2025 As the next wave of banking consolidation kicks off, specialist lenders are in the fray to be swallowed up. The industry has seen a flood of mergers and acquisitions in recent years, of which the latest was a landmark tie-up between Santander and TSB Bank. Santander snapped up 12-year old British high street lender TSB [...]
