Hints and tips:
...Smart reads Sign of the times Turnround specialist Melrose has sworn off dealmaking to focus on aerospace. The shift is a sign of the UK’s waning equity market, the FT’s Helen Thomas writes....
...Ghai will also maintain his current role as CFO of GE Aerospace. Jefferies has hired Dennis Kwan as a managing director in its private capital advisory team based in Hong Kong....
...s $105bn in assets private equity division and a board member of the New York- and Washington-based group, helped build its investment business in Asia and led many of its most successful deals such as aerospace...
...Carlyle had bought stakes in defence and aerospace companies during the Bush years, cast as villains in film-maker Michael Moore’s Fahrenheit 9/11. But internally, it became chaotic....
...The departure of the San Francisco hedge fund, which has been Rolls-Royce’s biggest shareholder for most of the past five years, comes amid one of the worst downturns in the aerospace industry’s history....
...Lone Star has conceded defeat in its pursuit of Senior, the aerospace engineer....
Less than two weeks into 2021, a bidding war could be one of the UK’s biggest PE battles of the year
Defence supplier is among the first to embark on an IPO in Germany since the coronavirus crisis
...The deal was announced last June and under the terms both companies want to create an aerospace and defence powerhouse....
...ValueAct had become a shareholder at a time when Rolls-Royce was under pressure to sell or demerge its non-aerospace businesses to focus on aero-engines....
Shares are only a shade higher than when Bradley Singer joined in 2016
...“Your board and management team absolutely recognise the need to improve our operational competitiveness and performance, particularly in our Civil Aerospace business,” Mr Davis added in the report....
...The US aerospace group’s chief executive Dennis Muilenburg on Wednesday told Bloomberg he sees “urban mobility transforming right before our very eyes”....
Organisations including the FT are sued for a total of at least $11.4bn
...The Washington-based private equity group will invest in five key sectors: aerospace, defence and government services; consumer and retail; healthcare; industrial and transportation; and technology, media...
Activist investor Bill Ackman increases holding in aircraft manufacturer
...Low-cost airline Wizz Air made the scale of its ambitions clear on Wednesday as it announced an order for 146 new Airbus planes, taking its total outstanding orders with the European aerospace company to...
...This week the world’s two big aircraft makers slugged it out in Dubai, home to the Middle East’s biggest aerospace trade fair, writes Peggy Hollinger....
...From 2004 to 2011, he was the global head of the aerospace and defence....
...That’s essentially what happened in the case of Safran’s proposed takeover of Zodiac Aerospace....
...its intention to reject an offer from US industrial heavyweight GE to buy SLM Solutions, a German company that produces laser machines for metal-based “additive manufacturing”, serving industries such as aerospace...
...Meggitt, the FTSE 250 aerospace company, is on course to have its best day in six months after activist investor Elliott Management was disclosed to have taken a stake in the company....
International Edition