By: William Turvill

I write about M&A, deals, IPOs, private equity, asset management, media and a few other areas for City A.M. I also write news features and am always interested in interviewing and profiling high-profile business figures. I previously worked for Press Gazette and Mail Online.

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Michael Spencer sells majority of shares in newly-formed TP Icap

January 10, 2017

Michael Spencer has offloaded the majority of his nine per cent stake in TP Icap, shortly after the company was formed. TP Icap was born after Tullett Prebon acquired the voice broking business of Icap, the company which Spencer led as chief executive. Spencer is now chief executive of Nex Group, which is the new [...]
UK bidder still hopeful in Green Investment Bank bidding process after Macquarie slammed for asset-stripping plans

January 9, 2017

The British bidder for the government’s Green Investment Bank (GIB) has retained hope of landing the asset as the preferred buyer’s offer comes under scrutiny. Australian investment bank Macquarie has been the government’s preferred bidder for the privatisation since the autumn. But, after it was reported over the weekend that Macquarie plans to strip the bank [...]
Turkey business Bernard Matthews faces pension probe

January 9, 2017

The pensions lifeboat is looking into the retirement plans of a turkey company that went into administration last year. Bernard Matthews was acquired from private equity firm Rutland Partners by 2 Sisters in September. 2 Sisters, whose chief executive Ranjit Boparan is known as the “chicken king”, agreed the deal under a pre-pack administration, meaning it bought [...]
Mars (of bars fame) in $9bn deal to buy US animal hospital company

January 9, 2017

Chocolate bar firm Mars has agreed a $9.1bn (£7.5bn) takeover deal for the largest operator of pet hospitals in the United States. While Mars is best known for its bars, the company also owns Whiskas and Pedigree and claims to be the world’s biggest pet food manufacturer. The firm today announced it had made a [...]
The most rock ‘n’ roll deal of 2017: Future agrees deal to buy, and rescue, music magazines

January 9, 2017

Media company Future has agreed a deal to buy, and rescue, a group of rock magazines. Future’s share price dropped by two per cent Monday morning after it announced the deal for Classic Rock, Metal Hammer, Prog, Blues and Golden Gods. The publisher sold the titles for £10.2m in 2013 to Team Rock, which went into [...]
Serial entrepreneur Luke Johnson on Channel 4 sell-off, dodging journalism and having no Brexit regrets

January 9, 2017

Life could have been very different for serial entrepreneur and investor Luke Johnson. His father, Paul Johnson, is a former editor of left-wing political magazine the New Statesman. And his brother, Daniel, is the founder of political magazine Standpoint. In the tight-knit media world, it would not have been a surprise if Luke Johnson had [...]
How boutiques have snatched bankers and M&A business from the Wall Street giants

January 9, 2017

With bonus season kicking off this week, one or two investment bankers at Wall Street heavyweights may well have cast an envious eye over the recent results of London boutique Robey Warshaw. The firm, which was founded in 2013 and has three former Wall Street bankers as its partners, reported profits of £36.6m for the year [...]
The most gripping private equity tale of 2017? Japanese tyre firm agrees £215m takeover deal for British counterpart

January 5, 2017

A Japanese tyre company has agreed a £215m takeover deal for a UK counterpart. Private equity firm Graphite Capital today announced the sale of Micheldever Tyre Services (MTS) to Sumitomo Rubber Industries (SRI), Japan’s sixth largest tyre manufacturer. Graphite said the sale represents a 3.7 times return on its individual investment. The private equity house originally backed [...]
Non-Ascential items: Events company puts 13 magazines up for sale, including Health Service Journal, Drapers and Construction News

January 5, 2017

Publisher and events company Ascential has put 13 of its magazines up for sale. The Health Service Journal, Construction News, Local Government Chronicle, Drapers and other titles have been separated from the rest of the business into a separate operating entity. Ascential said it was seeking new owners for the “heritage brands”, which sit within EMAP, [...]
Sun and Times newspapers report losses as revenues are hit by advertising decline

January 5, 2017

The publishers behind the Times and Sun newspapers, both owned by Rupert Murdoch’s News UK, part of News Corporation, have reported falling revenue and losses. Times Newspapers, which publishes the daily Times newspaper and the Sunday Times, saw its revenue dip from £342.6m to £341.7m in the year to 3 July 2016. The company made [...]

HSBC: City market’s top firm turns to Asia and Middle East

Premiership run-in: Saints and Bath will impact top four

Here We Are, National Theatre, review: Stephen Sondheim musical is more Severance than sing-a-long

By: William Turvill

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