Hints and tips:
Related Special Reports
...Since Cinven acquired PPF six years ago it has expanded the business through acquisitions....
...This includes a £40mn acquisition of Neptune in 2019, and a £120mn deal for Majedie Asset Management in 2022....
...Dorna’s management, including chief executive Carmelo Ezpeleta, are also shareholders. Ezpeleta has led Dorna for 30 years, echoing how Bernie Ecclestone dominated F1 for decades....
...GMO, which has $60bn in assets under management, has held shares for 13 years in Toyota Industries (TIC), the world’s largest manufacturer of forklift trucks and also a producer of cars, textiles and electronics...
...Weightman is the unlikely figure behind what has been described as “one of the largest corporate raids” in asset management history, the FT reports....
...Shares in Digital World Acquisition Corporation, the special purpose acquisition company with which TMTG first announced merger plans in late 2021, fell 13.7 per cent after Friday’s announcement....
...But Blackstone is not entirely asset light....
...Hyperion will have a mandate to hunt for assets in the range of at least $1bn, including single mines and more complex transactions such as buyouts of public companies and the acquisition of stakes in existing...
...Europe’s largest asset manager, Amundi, has struck a deal to buy a private markets specialist, becoming the latest mainstream investment group to target the fast-growing alternatives sector....
...Number three largest, Agnico Eagle, has benefited from fiscally conservative management and mine assets sitting in politically stable Canada....
...to $120bn through acquisitions....
...Martin Gilbert, in his Aberdeen Asset Management days, tried a similar strategy....
...The early 1990s saw an ugly US populist backlash against Japan’s acquisition push of American assets. That era seems to have partially returned....
...M&A deals that focus on employees are popular in tech, where start-ups are often asset light and talent heavy....
...Chinese ecommerce company JD.com has said it is considering an offer for UK electronics retailer Currys, setting up an unlikely bidding war after the London-listed group rejected a bid from Elliott Management...
...UK electronics retailer Currys has rejected an improved bid from the US investment group Elliott Management, saying that the offer continued to “significantly undervalue the company and its future prospects...
...Infrastructure assets under management worldwide have soared beyond $1tn, more than six times their level in 2008, according to data provider Preqin....
...Assets under management grew to $167.5bn, up from $143.3bn the previous year, partially reflecting the acquisition of private credit manager Varagon....
...Currys said the proposals undervalued the group, a position that was backed by its largest shareholder Redwheel, a UK-based asset manager....
...Scottish Mortgage is trading at a roughly 8 per cent discount to its net asset value, according to the Association of Investment Companies....
...Chevron has warned that its planned $53bn acquisition of Hess could be thwarted by rivals ExxonMobil and China National Offshore Oil Corporation, which are asserting their right to pre-empt its purchase...
...Currys’ largest shareholder has backed the board’s decision to reject a takeover bid from US investment group Elliott Management....
...US investment firm Harris Associates, which has more than $100bn in assets under management, “sold the stock last year as [we] lacked confidence that management could repair the business”, David Herro, the...
...The defections — one of the largest team carve-outs from an alternative asset manager in recent years — have sent shockwaves through the industry after the group resigned en masse in early March....
...The US investor Elliott manages around $65bn in assets and invests in public and private markets....
International Edition