£150m private equity deal for Poundworld High street retailer Poundworld has been acquired in a deal valued at £150m by leading global private investment firm TPG. The all-cash deal will see founder of Poundworld, Chris Edwards, and his son, Christopher, as well as other members of the management team retain a “substantial minority” equity … Continued
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IAG set to buy Aer Lingus stake
IAG set to buy Aer Lingus stake International Airlines Group (IAG), the owner of British Airways, is set to buy the Irish government’s 25% stake in Aer Lingus. Aer Lingus rejected two takeover from IAG last year, claiming that they undervalued the business. The offer also received strong opposition from Irish MPs, who … Continued
BT and EE agree deal
BT and EE agree deal BT Group plc has agreed a deal with Deutsche Telekom and Orange to acquire mobile network EE for £12.5 billion. The deal, which is expected to be completed by March 2016, is subject to shareholder and regulatory approvals, including approval from the Competition and Markets Authority. The takeover will … Continued
Carphone Warehouse and Dixons agree £3.8 billion merger
Carphone Warehouse and Dixons agree £3.8 billion merger Carphone Warehouse Group plc and Dixons Retail plc have agreed a £3.8 billion merger to create Dixons Carphone, which will bring high-street giants Carphone Warehouse, Currys and PC World all underneath the same umbrella. Dixons Carphone, which operates out of 3,000 stores and generates sales of … Continued
Mobile network Three to acquire O2 in £10 billion deal
Mobile network Three to acquire O2 in £10 billion deal Mobile network Three has announced it has started exclusive takeover talks with rival O2. Three’s parent company, Hutchinson Whampoa, has confirmed it is ready to pay £10.25 billion for larger rival O2 in a deal that would create the largest mobile network in the … Continued
esure take full control of Gocompare in £95 million deal
esure take full control of Gocompare in £95 million deal Insurance giant esure has announced that it has acquired the remaining 50% stake in price comparison wesbite Gocompare in a deal that will give them full control of the company. esure has said the acquisition would help to create “investment opportunities in the short … Continued