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...
Tembo Capital Increases Its Mining Bets in North America

Tembo Capital Increases Its Mining Bets in North America

Mining-focused Tembo Capital Management is seeking to expand its investments in North America as the private-equity firm bets that President Biden’s $2.3 trillion proposed infrastructure plan will boost demand for industrial metals. “The numbers are quite vast in...