Advanz Pharma and former private equity owners were fined £100m by markets watchdog
A pharmaceuticals firm that inflated thyroid drug prices by up to 6,000% over a decade paid out more than £400m to shareholders and directors during the same period.
London-based Advanz Pharma – and its former private equity owners HgCapital and Cinven – were fined a combined £100m by the Competition and Markets Authority (CMA) on Thursday.
Continue reading...Gates’ Cascade Investment fund teams up with US private equity firm on offer for Signature Aviation
Bill Gates has joined a £3bn bidding war to buy the world’s largest private jet operator just as he prepares to publish his new book How to Avoid a Climate Disaster.
Cascade Investment, the fund that manages much of Gates’s $134bn personal fortune, announced on Friday it had teamed up with US private equity firm Blackstone in a bid for British private jet operator Signature Aviation.
Continue reading...Businesswoman is seeking £1.5bn from bank in high court action over £2bn Qatari loan
A businesswoman embroiled in a £1.5bn high court battle with Barclays broke down in tears after bank bosses accused her of engaging in a “hustle”.
Amanda Staveley has made complaints about bank bosses’ behaviour when negotiating investment deals during the 2008 financial crisis.
Continue reading...Founding family criticises approval of £4bn deal despite national security concerns
The government has been accused of handing control away after it approved a US private equity firm’s £4bn takeover of the UK defence company Cobham despite national security concerns.
The deal had been delayed since mid-2019 after fears were raised that Advent International’s acquisition could undermine the country’s security.
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