Day: 30 July 2024

Time to Make a Splash! Why Thames Water Needs a National Makeover

Thames Water is in trouble. The UK’s largest water supplier has had a checkered history, but recent struggles have highlighted the broader issues facing UK utilities. Since COVID-19 and the collapse of another beloved utility, Bulb, infrastructure investment has dwindled. UK infrastructure spending now makes up only 2.75% of GDP (compared to 2% in 1990), […]

Citi, Jefferies: Advisory on Vital Energy’s Shale Asset Acquisition from Point Energy Partners for $1.1bn

Citi, alongside Houlihan Lokey, has advised Vital Energy, Inc. on its strategic acquisition of shale assets from Point Energy Partners for $1.1 billion, a deal set to significantly bolster Vital Energy’s presence in the Delaware Basin. In partnership with Northern Oil and Gas, Inc., Vital Energy will acquire 80% of the assets, with NOG taking […]

Goldman Sachs, JP Morgan: Advisory on Sixth Street Partners $5.1bn Acquisition of Enstar

Sixth Street has agreed to acquire Enstar Group Limited in a deal valued at $5.1 billion. Under the terms of the agreement, Enstar shareholders will receive $338.00 per share in cash, marking an 8.5% premium over the 90-day volume-weighted average price prior to the announcement. The transaction is fully financed

PWC, Deloitte: Advisory on BMS Group’s £450m Acquisition of David Roberts & Partners

PwC, alongside Deloitte, advised on BMS Group’s strategic acquisition of David Roberts & Partners (DR&P), a leading UK broker, for £450 million. This move marks a significant expansion for BMS, enhancing its capabilities and market presence in the insurance sector. Established in 1977, DR&P has

Thoma Bravo Exclusive: 50% of Nasdaq Stake Sold for $2.7bn

Thoma Bravo has successfully offloaded about 50% of its Nasdaq Inc. holdings, netting $2.7 billion in the process. The transaction involved the sale of 41.6 million shares priced at $65.30 each, which fell within the expected range of $64.80 to $65.80. This sale significantly reduces Thoma

Nomura Exclusive: Q2 2024 Estimates Beat as Net Income Triples from 2023

Nomura Holdings Inc. has reported a substantial increase in net income, which tripled to ¥68.9 billion ($446 million) for the quarter ending June 30, 2024, surpassing analyst expectations. The average forecast had been ¥56.6 billion, but a robust rally in Japan’s stock market significantly boosted the firm’s wealth management and trading revenues. Under the guidance […]