Recent stories

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  Lowball Nordic IT sale gives Apax a better exit

  The buyout firm accepted a lowly 1.3 bln euro cash-and-shares offer for Norwegian computer services firm Evry from Finnish rival Tieto. The measly 15% premium is less than half the value created by cost savings. Still, a 20% stake in the combined group should be easier to sell.

  18 June 2019
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  Chanel’s bling valuation will keep suitors at bay

  The privately held label made 2 bln euros of net profit in 2018. Valued like rival Hermes, it’s worth 90 bln euros. Chanel may be in flux after Karl Lagerfeld’s death, but its bulk would make suitors think twice even if its controlling investor wanted to sell.

  17 June 2019
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  Babcock right to reject Serco’s cheeky merger plan

  The 2.5 bln pound UK defence contractor rebuffed the outsourcer in January. Serco is smaller, has lower margins and provides less-skilled services. The combination would also be over-reliant on British military. Though consolidation makes sense, the financial logic must stack up.

  17 June 2019

• Reckitt’s new face has a lot to prove

  12 June 2019

• Unilever ethical boast carries M&A prod

  11 June 2019

• Sanctions victims compare scars in St Petersburg

  7 June 2019

• Gazprom payout pledge yet to catch fire

  31 May 2019

• Rolex retail IPO can avoid fate of buyout castoffs

  29 May 2019

• UK’s dirty-money defences tinker at the edges

  29 May 2019

• Nestlé scrubs up well with private equity makeover

  16 May 2019

• More by Dasha Afanasieva