Border to Coast launches £1.4bn alternatives fund

Border to Coast launches £1.4bn alternatives fund

The Border to Coast Pensions Partnership has launched its listed alternatives fund. The fund – which was first announced last October – will provide to its members an expanded range of portfolio investments. These investments will be in sectors that...
Pearson rejects $8.5bn approach from Apollo

Pearson rejects $8.5bn approach from Apollo

Pearson said on Friday it had rejected two takeover approaches from investment firm Apollo, saying its latest $8.5bn possible cash offer undervalued the global education group, which was confident in its own strategy. Apollo’s earlier statement saying it was...
SPACs splash the cash to salvage deals as market unravels

SPACs splash the cash to salvage deals as market unravels

SPACs are turning to costly new tactics to keep investors from jumping ship as market confidence wanes in the once red-hot alternative to IPOs. Blank-check acquisition firms and the companies they acquire are having to hand over bigger stakes in the ventures to...
CVC and Towerbrook in battle for £600m Premium Credit deal

CVC and Towerbrook in battle for £600m Premium Credit deal

The specialist finance provider Premium Credit is at the centre of a private equity bidding war led by the firm which owns a stake in the Six Nations Rugby championship. Sky News understands that prolific sports investor CVC Capital Partners and Towerbrook are two of...