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...Leahy, who joined CD&R in 2011 and chairs its UK supermarket chain Wm Morrison, told the Financial Times: “We need to add to our team because there are lots more opportunities . . . and you don’t want to...
...Private-equity owned UK supermarket chain Wm Morrison has agreed a £2.5bn deal to sell its petrol forecourt business to sister company Motor Fuel Group, in a move that will help Morrisons shore up its balance...
...WM Motor, another EV start-up based in Shanghai founded by a former chair of Volvo China, told creditors last week that it had started restructuring proceedings in early October....
...The firm is best known in the UK for its £10bn acquisition in 2021 of UK supermarket chain Wm Morrison, which it bought following a competitive bidding process that also involved fellow US investment house...
...Wm Morrison, which recently lost its place as Britain’s fourth biggest supermarket chain, reported a near halving of profits in the third quarter as “unprecedented inflationary pressures” hit its food manufacturing...
...Michael Gleeson has stepped down as chief financial officer at Wm Morrison months after the supermarket chain was taken over by private equity and ahead of a major refinancing....
...That has made financing a leveraged buyout more difficult, especially as banks have struggled to sell on the debt backing another large UK private equity deal, the acquisition of supermarket group Wm Morrison...
...It owns the auction house Bonhams and has previously owned Time Inc’s UK operations, whose titles include Woman’s Weekly, Country Life and Horse & Hound....
...But discretion was at last the better part of valour for two US buyout groups vying for Wm Morrison....
...The process to settle a £10bn takeover tussle for grocery chain Wm Morrison will also be carried out under a time constraint, though it should create less mess....
...The US private equity firm has been granted extra time to submit a formal bid for Wm Morrison, the UK supermarket chain already in receipt of a near-£10bn offer from fellow buyout specialists Fortress....
...The US private equity firm, battling it out in a bidding war, is offering 285p a share for Wm Morrison, a massive jump on its starting approach of 230p....
...Clayton, Dubilier & Rice has delayed plans to raise £6.6bn in debt to finance its buyout of supermarket chain Wm Morrison, the UK’s biggest take-private deal in more than a decade....
...US private equity group Clayton, Dubilier and Rice has triumphed in the four-month long takeover battle for Wm Morrison with a bid of £9.97bn including debt for the UK’s fourth-largest supermarket....
...Clayton, Dubilier & Rice has still not tapped bond markets for a refinancing package backing its £10bn acquisition of the supermarket group Wm Morrison, which was agreed in October, while value retailer...
...Analysts at private equity shop Clayton Dubilier and Rice have allowed their imagination to run wild in the aisles of UK supermarket Wm Morrison....
...underwrote such a deal was when Goldman Sachs, Bank of America, BNP Paribas and Mizuho Bank agreed to provide £6.6bn of bridge loans to back Clayton, Dubilier & Rice’s take-private of the supermarket chain Wm...
...The outcome of the £10bn battle to buy UK supermarket chain Wm Morrison will be decided in a one-day auction on October 2, the takeover regulator has ruled....
...assets this year, with TDR Capital involved in the acquisition of supermarket chain Asda in February and Clayton, Dubilier and Rice fighting off competition from SoftBank-backed Fortress to take control of Wm...
...The takeover battle for Wm Morrison will be decided by an auction process after neither of the two suitors for the UK’s fourth-largest grocer declared their offers final....
...Clayton, Dubilier and Rice has agreed to provide extra support to Wm Morrison’s pension funds if it takes over the UK supermarket group, after trustees warned that a debt-fuelled buyout would “materially...
...US private equity group Fortress has increased its offer for the supermarket chain Wm Morrison to nearly £10bn, raising the stakes in a fierce battle for control of one of Britain’s biggest grocers....
...The battle for Wm Morrison looks set to enter a fourth month after shares in the supermarket chain surged above the level of the latest takeover proposal....
...Bankers, financiers and other advisers are set to collect roughly £300m in fees from the planned £9.5bn acquisition of UK grocery chain Wm Morrison by a private equity consortium led by US fund Fortress...
...The UK takeover regulator has given Clayton, Dubilier & Rice an extended August 20 deadline to make an offer for Wm Morrison, in the latest twist in a bidding war between two US private equity groups for...
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