I was intrigued to read in yesterday's venerable Financial Times that the likes of News Corp, Fitch, Moody's and S&P Global are queing up to pay £1 billion of the owner of Mergermarket, one of Betaville's first employers. Below is a link to the FT piece:
Posts tagged: BC Partners
Little old Betaville is kicking himself this morning and loyal readers may be wondering why.
Well, it's because BC Partners and Pollen Street Capital have just raised their hostile bid for challenger bank Shawbrook to 340p a share. Here is the link to this morning's press release:..
Revealed: the Mergermarket Group poised to buy TIM Group from Bank of America Merrill Lynch for £30 million - sources
The Mergermarket Group is in advanced discussions to buy financial technology company TIM Group from its founders and investors, including Bank of America Merrill Lynch.
Well-placed sources said the Mergermarket Group, which is being advised Deloitte, has effectively agreed a deal with TIM Group's founders, Colin Berthoud and Richard Koppel, to purchase TIM Group for around £30 million...
Looking over today's coverage of the Pollent Street Capital / BC Partners bid for Shawbrook I was somewhat dismayed that none of the mainstream business sections picked up on the fact that the private equity firms had actually gone "hostile" on challenger bank by taking their offer directly to shareholders...
Revealed: China-backed private equity firm holds secret talks about purchasing Mergermarket Group - sources
XIO Group, a private equity firm backed by funds from mainland China, has held tentative discussions with BC Partners about buying Mergermarket Group, the online deals news and data service read by thousands of dealmakers around the world...