Springboks face new bid for stake by Leeds United private equity investors Ackerley Sports Group January 6, 2025 The world champion Springboks could sell off a stake of their commercial rights company to investors in Leeds United as South African rugby looks for a stronger financial footing. Seattle-based firm Ackerley Sports Group LLC is reportedly set to revive plans to invest in the 2023 Rugby World Cup winners after an initial bid foundered [...]
ITV shares jump as it emerges as a takeover target by private equity November 25, 2024 ITV has emerged as a possible takeover target by private equity giants including CVC Capital Partners amid an ongoing dip in its share price, according to reports. There are reportedly a variety of private equity bidders circling the UK’s largest terrestrial commercial broadcaster, Sky News revealed. These included CVC Capital Partners with a major European [...]
Six Nations investors CVC Capital Partners have offices raided November 5, 2024 CVC Capital Partners, whose sport investments include the Six Nations and Premiership Rugby, has reportedly had its offices raided alongside the French football league in Paris. Police searched the office of the private equity firm and the football body on Tuesday as part of a potential corruption investigation, according to reports. Prosecutors are said to [...]
Teneo secures £77m loan for first dividend payout October 13, 2024 Public relations firm Teneo is borrowing up to $100m (£76.5m) to pay its private equity owner and staff their first dividend. The company, which has City-based UK offices, approached lenders for the financing last week that is earmarked to fund dividend payouts, according to analysts at research firm Creditsights. However, sources close to Teneo said [...]
Hargreaves Lansdown reveals vote date and lenders for takeover deal September 27, 2024 The private equity consortium set to take over Hargreaves Lansdown has added a host of lenders to the group financing the £5.4bn takeover deal. This morning, buyout giant CVC, alongside Nordic Capital and Platinum Ivy, a subsidiary of the Abu Dhabi Investment Authority, said that it had added four new lenders to fund the cash [...]
Private equity giant CVC makes ‘strong recovery’ as capital deployment ramps up August 14, 2024 Private equity giant CVC saw activity tick up in the first half of the year, recovering from a quiet 2023 as money finally began to flow into its investments. The Six Nations owner beat expectations with fee-paying assets under management at 127.5bn euros, two per cent ahead of analyst expectations, it revealed in a half-year [...]
It’s over: FTSE 100 giant Hargreaves Lansdown receives £5.4bn private equity bid August 9, 2024 Hargreaves Lansdown has finally received an official bid from potential private equity buyers that management is prepared to recommend to shareholders. The £11.10 share bid, along with a dividend of 30 pence for the end of the financial year, came after months of negotiations between the DIY platform business and the consortium of private equity [...]
Hargreaves Lansdown extends deadline for £5.4bn private equity takeover July 19, 2024 Hargreaves Lansdown has extended a deadline for its potential £5.4bn takeover by a consortium of private equity bidders today, as it looks set to become the latest London firm to shift into private hands this year.
Private equity giants face deadline for Hargreaves Lansdown bid June 17, 2024 Peter Hargreaves and Stephen Lansdown, who co-founded the platform in 1981, collectively own a quarter of the company's shares.
Hargreaves Lansdown shares surge after bid from private equity giants May 23, 2024 Hargreaves Lansdown has rejected a takeover bid by a consortium of private equity investors including CVC and Abu Dhabi's sovereign wealth fund, the company confirmed today.