M&A Deals
Jersey fund drops hostile takeover bid of UK wealth manager
It ‘believes that other growth and acquisition opportunities are more compelling at this time’
Private equity-backed consolidator withdraws advice firm bid
Would-be acquirer unable to make the company fit its model
Poor M&A due diligence will come back to haunt advice firms
‘Smart buyers’ are starting to accurately value a business
EFG International sells minority stake in Spanish private bank
Deal will enable ‘us to focus fully on our core’ business
Regulator issues second rebuke of FNZ-GBST merger
Deal would ‘substantially reduce competition’ and lead to ‘higher prices or poorer service’ in UK market