Why Evercore bought Robey Warshaw – the boutique bank that signed George Osborne July 30, 2025 With the announcement that Robey Warshaw has been bought for £146m by Evercore, the potent boutique dealmaker is set to morph into a UK foothold for the New York-based advisory firm. Evercore boss John S. Weinberg praised Robey Warshaw’s “extraordinary, long-standing relationships”, forged by its five partners – led by Simon Robey and Simon Warshaw. [...]
Wood Group likely to recommend takeover sparking delisting fears July 28, 2025 London-listed engineering and consulting firm Wood Group said it is likely to recommend a takeover by Middle Eastern-based privately owned company Sidara sparking another potential delisting from the London Stock Exchange. Wood said on Monday that Sidara, formerly known as Dar Al-Handasah, had expressed interest in acquiring the group with a 35p per share deal. [...]
Breadmakers Hovis and Kingsmill butter up £75m merger July 26, 2025 Bread producers Hovis and Kingsmill are set for a historic merger with their owners expected to ink an agreement after months of discussion. Kingsmill, whose immediate parent Allied Bakeries is owned by London-listed Associated British Foods (ABF), and Hovis could benefit from up to £50m of annual cost savings from a merger. The proposed agreement, [...]
Which UK banks are next in line for a takeover? July 11, 2025 As the next wave of banking consolidation kicks off, specialist lenders are in the fray to be swallowed up. The industry has seen a flood of mergers and acquisitions in recent years, of which the latest was a landmark tie-up between Santander and TSB Bank. Santander snapped up 12-year old British high street lender TSB [...]
Jupiter snaps up UK’s largest asset manager for non-profits July 10, 2025 Jupiter Fund Management has acquired CCLA – the UK’s largest investment manager for non-profit organisations – in a bid to expand its UK reach. The deal, which values CCLA at £100m on a 100 per cent equity basis, will mark Jupiter’s entry into the non-profit investment arena. The FTSE 250 firm will add CCLA’s £15.1bn [...]
London IPO fundraising slumps to 30 year low July 4, 2025 IPO fundraising has slumped to a 30-year low in London in the latest warning sign on the health of the UK’s capital markets. Just £160m was raised from five listings on the London markets in the first six months of the year, the lowest-first half since 1995, according to data from Dealogic shared with the [...]
Apollo-backed group makes £5.7bn swoop for Pension Insurance Corporation July 4, 2025 Athora – the European insurance group backed by US private equity giant Apollo – has struck a £5.7bn takeover deal for the UK’s Pension Insurance Corporation (PIC). The acquisition will create a group with combined assets worth near £112m and covering the pensions of more than three million people across Europe. The takeover marks one [...]
Why did Santander buy TSB? July 3, 2025 Santander might have hoped its takeover of TSB would make waves across the banking industry, but analysts have dubbed it a more modest splash. The deal, which is set to be worth £2.9bn when closed in 2026, will add TSB’s five million customers, £34bn in mortgages and £35bn in deposits to Santander’s portfolio as well [...]
M&A volumes jump as US bidders snap up UK tech July 2, 2025 US private equity firms are continuing to swoop for UK tech companies leading to a jump in merger and acquisition (M&A) volumes. Giants from across the Atlantic have taken a heightened interest in UK stock, which analysts pegged to the “cheap and undervalued” nature of equities. UK public M&A activity almost tripled in the first [...]
UK on track for biggest year of takeovers since 2021 July 2, 2025 The UK is on course for its biggest year of takeovers since 2021 as more and more companies exit the London stock market after being snapped up by private equity. As much as £74bn in offers was made to UK firms in the first half of the year, according to an analysis by Peel Hunt, [...]