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Amid BHP approach for Anglo, prolific dealmaker says consolidation does not guarantee more production
...Partners has called in turnaround and crisis management experts, as the investment firm wrestles with accusations of fraud and the unravelling of the reinsurance financing that underpinned many of its acquisitions...
...The investors, which collectively hold more than 15 per cent of Anglo, told the Financial Times that BHP would need to sweeten its offer, but they were not opposed in principle to an acquisition by the Australian...
...It was in effect blocked by the government earlier this year, although the acquisition process has continued as RedBird IMI has considered its next steps....
...However, the acquisition may attract regulatory scrutiny....
UK private equity group appoints advisers to explore options amid early signs of recovery in buyout market
...The consortium said it could finance the acquisition through contributions from its membership....
...One option includes turning it into a cash-shell company that pursues acquisitions in new industries, the 63-year-old billionaire told the Financial Times in a rare interview....
...The group is expected to complete the £1.1bn acquisition of British TV production company All3Media next week....
The company requires a new plan to create value from the troubled mining house
...But even for mining’s ultimate dealmaker this would be a complex mouthful, at a point where it is already dealing with the acquisition of Teck’s coal business....
PE group divesting less than three years after acquiring plantations from Unilever
Investment by private equity firm values Danish group Hempel at more than $3.6bn
...This included a Merck agreement with Daiichi Sankyo worth up to $22bn, Pfizer’s $43bn acquisition of lossmaking Seagen and AbbVie’s $10.1bn acquisition of ImmunoGen....
...Mergers and acquisitions have also finally started to pick up. The number of mega-takeovers worth at least $10bn more than doubled in the first quarter. That’ll surely be a boon for fees....
...On Monday, the US Federal Trade Commission sued to block Tapestry’s $8.5bn acquisition of rival Capri Holdings. The pair are best known for their handbag brands....
...Barclays has hired Stephen Pick as head of mergers and acquisitions for Emea in London. He previously worked at UBS and Credit Suisse....
...It added that “if such an acquisition occurs, this would trigger an offer for all the shares of Naturgy”, a utility and major gas supplier with a market capitalisation of €21bn....
BHP, whose £31bn bid for Anglo has been rejected, faces fraught politics and complicated history in the country
Preliminary approach underscores private equity’s interest in professional services
Abu Dhabi-backed group will auction off newspaper and Spectator magazine after UK government blocked takeover
Anglo has rejected a £31bn deal that would be the biggest in the mining sector on record but faces many hurdles
Statement comes as the Australian miner’s chief executive visits country after political backlash
Legal & General and Abrdn criticise offer as undervaluing UK-listed miner
The UK-listed miner has rejected an approach from BHP, but other bidders could emerge
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