All the latest news on deals and dealmaking from around the world

Private equity drawn to hedge funds

Credit Suisse and Goldman Sachs are the latest to look for stakes


Investment banking league tables
This quarter’s global mergers and acquisitions activity and the deals and dealmakers involved

AB InBev to sell Peroni and Grolsch

Brewer to offload SABMiller brands to avoid EU takeover concerns

Risto Siilasmaa, Nokia chairman

Entrepreneur’s hands-on role trying to revive Finnish group

Deutsche Wohnen to buy rival’s portfolio

Patrizia apartment deal throws Vonovia’s takeover approach into question

Hands finds little relief for care homes

Terra Firma chief does not consider major restructuring necessary


illustration of a private bank by Øivind Hovland ©Øivind Hovland

Switzerland, strategies, competition, crisis fallout, technology, emerging markets, recruitment, consolidation

illustration by Nick Lowndes ©Nick Lowndes

Insight into M&A in the technology, media and tele-communications sector

Minimum wage impact slows healthcare M&A

Fears over the living wage were the biggest barrier to investing

Philippe Oddo

Oddo joins fight for BHF Kleinwort Benson

French private bank takes on China’s Fosun with €760m bid

How to invest in commercial property

Tap into the sector without running too many risks

BTG Pactual stops making new loans

Brazilian bank’s measures follow chief’s sudden arrest this week

Bond investors jolted by tighter credit

Spain’s Abengoa joins lengthening list of troubled companies

Toshiba reveals $1.3bn Westinghouse losses

Scandal-hit group apologises for failing to release information

Pfizer’s Read looks to count on Allergan

Deal would be crowning achievement of career forged in accounting

logo of Slater & Gordon lawyers

Slater & Gordon: Objection!

A publicly traded law firm on the dock

Warburg and General Atlantic in Gulf deal

Private equity looks to profit from Middle East shift from cash

PetroChina restructures gas unit

China’s largest oil group moves towards gas pipeline monopoly

Billionaire arrest widens Petrobras probe

Esteves was face of Brazilian finance during boom years

Buyers hang on the line in telecoms sale

While selling of some of former Yugoslavia’s state assets have been successful, the sales of telecoms are just gaining traction

South China Morning Post in takeover bid

Alibaba’s Jack Ma rumoured to be likely buyer for newspaper

RPC’s acquisitions fuel revenues boost

Shares hit record high as pre-tax profits rise 16 per cent

Private debt faces credit ruction test

Risk of lending standards falling as investors rush in

Coal’s woes could spark investors’ return

Institutional selling could be creating a buying opportunity

Britvic confident of profit rise

Soft drinks maker upbeat as it expands overseas

Ingram Pinn illustration, Pfizer
©Ingram Pinn

Big Pharma is addicted to an illusion

Paying high prices for proven drugs and taking a hit to the balance sheet does not avoid the bill

LafargeHolcim to cut capex on weak results

Newly combined cement group cites industry overcapacity

Political risk clouds Pfizer-Allergan deal

Transaction is seen as vulnerable to change in ‘tax inversion’ law

Corporate tax: The $240bn black hole

Pfizer-Allergan merger is set to increase calls for the US to close inversion loopholes, and for the OECD to get tough on avoidance

Obama should close Pfizer’s tax loophole

Drug company’s tax inversion shows poor corporate citizenship

Shares fall as Li Ka-shing merger snubbed

Investors opposed move giving parent group use of $8bn cash pile

‘No bitching about the European Central Bank’: Allianz’s Oliver Bäte refuses to criticise central bankers over low bond yields
©Anna Gordon

Allianz: tales of the unexpected

Can a global insurer be expected to grow?

Ladbrokes investors back Gala Coral deal

Overwhelming vote in favour despite Dermot Desmond’s opposition

It’s time to talk about takeovers

If the argument for a deal is strong, debate will endorse it

Alcoa finds support from activist Elliott

Hedge fund known for challenging management takes different tack

Falkland oil explorers combine efforts

Rockhopper to buy Falkland Oil and Gas for £57m

Allianz pushes into China with Baidu deal

German group to combine with search engine to sell insurance online

Pfizer seeks US support for Allergan deal

Drugmaker defends $160bn tie-up as politicians mount attack

Atom Bank logo
©Atom Bank

BBVA enters UK with Atom stake deal

Spanish bank becomes largest investor in digital-only lender

Forbes: Selling the family jewels

A complex sale of the magazine to Asian investors quickly fell apart, prompting a messy legal dispute

Pfizer lab handout

Pfizer / Allergan: history will not repeat

Financial engineering is fine, but the sums have to work

Pfizer bulks up in era of slimming down

Given size of $160bn Allergan deal any split would not be until at 2018

Credit repricing challenges dealmakers

Investors are pulling back from risky debt and loans