SoftBank spent $1.35 billion on buybacks in October

SoftBank spent $1.35 billion on buybacks in October

SoftBank Group Corp said on Monday it spent 139.3 billion yen ($1.35 billion) repurchasing almost 20 million shares in October, part of a record buyback plan that has pushed the group’s share price to near two-decade highs. The repurchases represent a marked...
Will the UK axe private equity tax break worth millions?

Will the UK axe private equity tax break worth millions?

Jonathan Blake was only 32 years old at the time, but the meeting the lawyer held with a senior British Treasury minister in 1987 has helped create more millionaires than the UK’s National Lottery. At issue was a complex structure that Mr Blake had designed to allow...
Buy-out funds dance around nightclub operator Deltic

Buy-out funds dance around nightclub operator Deltic

Buy-out funds are weighing bids for the UK’s biggest nightclub operator after the pandemic forced the company into an emergency sale. Private equity firms Greybull Capital and Aurelius have been circling Deltic Group ever since it hired accountancy firm BDO to find a...
PE-backed Graphcore Close to Raising Funds At Over $2 Billion Value

PE-backed Graphcore Close to Raising Funds At Over $2 Billion Value

Graphcore Ltd. is said to be close to raising new funds, benefiting from investor interest in companies that focus on cutting-edge semiconductors, according to people familiar with matter. U.K.-based Graphcore designs chips that are used to run artificial intelligence...