Montagu takes £159m hit on Maplin sale
Montagu Private Equity, which a decade ago bought a 67% stake in in 40-year-old consumer electronics retailer Maplin for £244m, has sold its share for £85m, it has been announced.
Deals & Markets
Blue Line brings compliance to $2 billion cannabis industry
The leading financial services provider for America's legal cannabis industry has announced a partnership with Nevada’s First Security Bank that will see it expand its offering to financial compliance.
Share hike for Mothercare after US bids rejected
The British retailer Mothercare saw its shares jump 15% today, following its rejection of two takeover bids from a US company.
“Merger mania” hits $1.7 trillion in six months
The global value of M&A activity rocketed to $1.75 trillion in the first six months of 2014, marking a 75% rise on the same period last year, it has been revealed.
£225m bond issue to refinance Debenhams’ debt
The British department store Debenhams launched a £225m bond issue yesterday in a bid to refinance its debts and diversify its funding sources, it has been reported.
Nutmeg secures additional $32m investment
A fintech start-up that launched just 18 months ago has attracted $32m in funding from a group of new shareholders, the company has announced.
DB Apparel, holders of Wonderbra, sold for £320m
The US t-shirt company Hanes has acquired DB Apparel (DBA), owners of Wonderbra, Playtex and the sports bra brand Shock Absorber, it has been confirmed.
Islamic bonds open up Sharia-compliant investment opportunities
The Pakistani government’s decision to raise 49.5 billion rupees by issuing new three year sovereign Islamic bonds has expanded the Islamic bond market by 15%, it has been reported.
Foreign buyers step up holdings of US Treasury debt
In the ninth consecutive monthly increase, foreign holdings of US Treasury debt rose 0.2% to a record high of $5.96 trillion in April - and the trend is set to continue for the rest of the year, it has been reported.
Ireland’s NTMA raises €500m in bond auction
The National Treasury Management Agency of Ireland today auctioned three month bonds worth €500m, helping it to hit 80% of its €8 billion target for the year.
