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MYSTERIOUS: Permira - You Need To See This

Banks hold FTSE 100 back on windfall tax worry

The FTSE 100 index closed down 29.48 points, 0.3%, at 9,187.34.

Evening Standard

Exclusive: $2.1B business travel startup Engine appoints a CFO

Engine is backed by Telescope Partners, Blackstone, Elefund, and Permira.

Fortune

Exclusive: ‘Tiger Cub’ Lee Ainslie’s Maverick Ventures raises $240 million in fresh funding for early stage investments

The venture offshoot of the hedge fund giant Maverick Capital has backed companies including Hims&Hers and MosaicML.

Fortune

From analysis to the latest developments in health,
read the most diverse news in one place.

Squarespace snapped up in billion-dollar deal

Permira finalizes acquisition of Squarespace for $7.2 billion.

TechRadar

Exclusive: Hotel Engine reaches a $2.1 billion valuation, rebrands as Engine

Hotel Engine has raised a $140 million Series C led by Permira, Fortune can exclusively report.

Fortune

One of the world's largest website builders is about to go private to compete better against Wix and GoDaddy

Permira has increased its offer from $6.9 billion to $7.2 billion in order to take Squarespace private and grow revenue more.

TechRadar

Squarespace says it will go private after $6.9bn Permira deal

Permira looks to complete $6.9 billion acquisition of Squarespace in Q4 2024.

TechRadar

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Dr Martens investors should be kicking themselves

After optimistic float, the boot is on the other foot with the fifth profit warning in three years, a fall in shares and CEO’s exit

The Guardian - UK

Dr Martens: just another victory for private equity sellers over City mugs

Trust in the UK footwear firm is unlikely to return until it can go a year without tripping over something in the US

The Guardian - UK

Life science founder net worth tops £120m after private equity swoop

It’s the latest sign companies listed on the London Stock Exchange are exiting the capital’s public markets in search of higher valuations elsewhere

Evening Standard

Buyer of Andrew's £20 million Swiss ski chalet is revealed to be British financier

Philip Muelder, a millionaire executive who lives in London with his family paid 'on or near' the £20 million asking price for the seven-bedroom property in Verbier, Switzerland

Daily Mirror

Damon Buffini: BBC appoints private equity boss to make it more commercial

Former Pemira chief named deputy chair as government overhauls licence fee

The Guardian - UK

Dr Martens can’t complain about getting a kicking from investors

Share plunge may look like an overreaction but profits are forecast to fall and the boot maker was clearly overpriced at IPO

The Guardian - UK

Merger Arbitrage Mondays - Zendesk To Be Acquired By Permira and Hellman & Friedman

Editor's Note: Starting next month, we will be rolling the Merger Arbitrage Mondays series into our paid subscription services, Inside Arbitrage Plus and Inside Arbitrage Premium. The more affordable Plus service focuses on content including a monthly special situations newsletter, a model portfolio and mid-month updates. The Premium service includes both…

Benzinga

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Benzinga

Zendesk Confirms Takeover Deal At 34% Premium; Share Prices Soar Premarket

Global investment firms Permira and Hellman & Friedman LLC agreed to takeover Zendesk, Inc (NYSE:ZEN) in an all-cash transaction that values Zendesk at $10.2 billion. The purchase price of $77.50 per share implies a premium of 34% over Zendesk's closing stock price of $57.95 on June 23. The investor group includes a subsidiary…

Benzinga

Here's Why Zendesk Shares Are Trading Higher Today

Zendesk, Inc (NYSE:ZEN) has almost reached a deal with a group of buyout firms, including Hellman & Friedman LLC and Permira, the Wall Street Journal reports. Zendesk, with a market value of ~$7 billion, was likely to strike a settlement agreement with activist investor Jana Partners LLC days after it declined to…

Evening Standard

Dr Martens defies inflation to polish off record sales in boost to high street

DR Martens today defied global economic turmoil to produce record results that offer at least a glimmer of hope for a battered UK high street.

Insider UK

NatWest mulling £3bn takeover bid for Tilney Smith & Williamson

The group recently regained its private company status after the UK Government reduced its stake below 50%

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