ESR snares Blackstone industrial property portfolio for $3.8bn

ESR snares Blackstone industrial property portfolio for $3.8bn

Hong Kong based-property corporate ESR has splashed out $3.8bn to shop for a portfolio of warehouses from US personal fairness company Blackstone in a transfer that can reset values around the nation and places on show the facility of the e-commerce growth.  One of...
Poundland owner Pepco snubs London listing with £4bn Poland IPO

Poundland owner Pepco snubs London listing with £4bn Poland IPO

Pepco, the owner of Poundland, has announced its intention to list in Warsaw, snubbing London after months of deliberations about a flotation in the City. The initial public offering (IPO), which is likely to take place in the coming months, will be valued at around...
Revolut targets $10bn valuation in upcoming funding round

Revolut targets $10bn valuation in upcoming funding round

Revolut is eyeing a new fundraising round which would see the challenger bank’s valuation soar to more than $10bn. Last summer the neobank raised a further $80m to close out its series D funding round from private equity firm TSG, valuing the company at $5.5bn. Now...
Essar Oil ‘in talks’ over £400m private equity investment

Essar Oil ‘in talks’ over £400m private equity investment

  Mersey oil refinery business Essar Oil (UK) is in talks with one of the world’s largest investment groups over a possible £400m investment, media reports suggest. On Friday, Sky News reported that Essar, which operates one of the UK’s biggest oil refineries on...