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CD&R purchase comes after period of slowdown for debt-reliant industry as interest rates have risen
The deal will help the private equity-owned supermarket service its debt pile
‘Stunning appointment’ underlines group’s aim to explore consumer sector investments
US buyout firm raises ‘hard cap’ to $23.5bn as it becomes latest big investor to defy fundraising slump
Hedge fund billionaire Gabe Plotkin and CD&R’s Rick Schnall strike deal valuing basketball team at about $3bn
Grocer says it suffers effect of rising prices earlier than rivals due to in-house food-making operation
US lawmakers warn a deal with private equity group could ‘shallow out’ market already gripped by critical shortages
Departure of Michael Gleeson comes months after the supermarket group was taken over by Clayton, Dubilier and Rice
Refinancing that would double UK grocer’s borrowing put back as Omicron variant’s potential impact unnerves investor
Private equity firm will have to be clever to achieve a decent investment return
US private equity group wins auction by penny-a-share increment
Process should mean a good result for supermarket’s investors but could be costly for bidders
Five-round process to take place on Saturday, rules UK’s Takeover Panel
Private equity group offers legal claim over extra real estate as it battles for control of UK grocer
Regulator steps in after neither of the two rival consortiums pursuing the UK supermarket group declare their offers final
Value of supermarket stock closes above private equity group’s revised offer as rival Fortress considers options
The ultimate owner may find themselves on the hook for longer than private equity’s preferred three to five-year timeframe
Private equity firms are sitting on mountains of ‘dry powder’ that they need to deploy
UK regulator says private equity group has until August 20 to make an offer for supermarket chain
Increased offer comes days before deadline and piles pressure on rival Clayton, Dubilier & Rice
Terms with Fortress do not include break fee and CD&R has until August 9 for rival bid
Price increase is a victory for shareholders who had objected to the original offer
Two big investors voiced opposition to initial bid from Clayton, Dubilier & Rice
CD&R’s bid underprices its vision for the supermarket group, which owns most of its stores
Initial unsolicited £8.7bn takeover bid for UK supermarket chain by US private equity rebuffed
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