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Category: United Kingdom

BNPP hires Moodley for UK advisory

Kirshlen Moodley, formerly a member of JP Morgan's UK M&A team, has joined BNP Paribas.

London investment trusts continue green funding

London’s investment trusts have been tapping a deep pool of equity capital earmarked for green-linked deals. On Friday, SDCL Energy Efficiency Income Trust (SEEIT), the UK-listed energy efficiency investor, closed a £160m raise, £60m more

Green City and justifying equity valuations

This week in Keeping Tabs: an opportunity for the UK's finance sector after Brexit, and an argument for why you shouldn't worry about the stock market.

UK returns to linker market after reform

The UK sold its last syndication of the financial year on Tuesday, selling a £2.25bn 2051 index linked bond — its first syndication in the format since November 2019.

Apollo exits Watches of Switzerland via £143m block

Apollo Global Management has exited Watches of Switzerland, the UK luxury watch retailer, having sold the last of its shares via an accelerated bookbuild.

Bank of England’s governor hits out at EU’s approach to post-Brexit equivalence

His comments come as teams from the UK’s Treasury and the European Commission are locked in discussions about the future of financial services

Bank of England’s governor hits out at EU’s approach to post-Brexit equivalence

His comments come as teams from the UK’s Treasury and the European Commission are locked in discussions about the future of financial services

LDC seals £210m trade sale of ADEY to UK pipe making major Polypipe

UK private equity house LDC has sold water-based heating systems protection specialist ADEY in a £210m trade sale.

Asda makes sterling statement with £8bn+ orders for LBO bonds

Asda has definitively demonstrated the sterling high yield market’s capacity to do size, garnering more than £8bn of orders across the two tranches of its buy-out financing. Investors bemoaning their likely miserable allocations, however, may

Autolus prices US raise as biotech equity wave continues

UK biotech firms are continuing to reap the benefits from US listings. On Tuesday Autolus Therapeutics, an early stage biopharma firm backed by Syncona Investments, became the latest UK Biotech firm to raise capital on

Apollo cleans up Watches of Switzerland stake

Apollo Global Management has exited Watches of Switzerland, the UK luxury watch retailer, having sold the last of its shares via an accelerated bookbuild.

UK’s financial services paid £76.5bn in tax

The City of London Corporation and PwC's report come as the sector waits to see what relationship it will have with the European Union

Rush of overseas bidders sparks UK dealmaking boom

Value of UK deals so far this year is already three times the total for the same period in 2020

Advent readies sale of big part of UK electronics maker Laird

The deal could value Laird's biggest business at around $2bn, according to people familiar with the matter

YFM seals quick 2x return selling CPMS to French engineering major Egis

YFM Equity Partners has doubled its money selling rail project business Collaborative Project Management Services Limited to French construction engineering company Egis.

Cutting edge data, software dealmaker OpenOcean strikes first close for €130m-targeting fundraise

Finland-headquartered venture capital investor OpenOcean has picked up €92m towards its third flagship fundraise focused on data solutions and software.

Autolus Therapeutics taps investors for $100m

Autolus Therapeutics, the UK biopharmaceutical company focused on T cell therapies for cancer, is raising additional capital on the Nasdaq.

Levine Leichtman names new head of Europe in wake of $463m fund close targeting region

Levine Leichtman Capital Partners has a new head of Europe after promoting John O’Neill to the role.

Covid revenue boom for Notonthehighstreet sees Great Hill Partners come in as majority investor

UK curated online marketplace Notonthehighstreet has been bought by growth equity firm Great Hill Partners following stunning revenue growth amid 2020's pandemic lockdowns.

Asda buyout to test size of sterling HY mart

Asda has launched the largest ever sterling high yield bond, and the largest single tranche in the whole European high yield market, to fund the takeover of the UK supermarket group by the Issa Brothers

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