Latest news with #SwethaGopinath
Bloomberg
3 days ago
- Business
- Bloomberg
3i Seeks Pitches for Sale of Airport Services Firm TCR
By and Swetha Gopinath Save 3i Infrastructure Plc has asked for bank pitches as it prepares for a sale of airport ground support equipment company TCR, according to people familiar with the matter. The investment firm interviewed banks in recent days as it seeks to pick a sellside adviser, said the people, who asked not to be identified as the information is private.
Mint
29-04-2025
- Business
- Mint
Sullivan Street Nears Deal for Senior's Aerostructures Unit
(Bloomberg) -- Investment firm Sullivan Street Partners is nearing a deal for British engineering group Senior Plc's aerostructures unit, which supplies components to Airbus SE and Boeing Co., people with knowledge of the matter said. London-based Sullivan Street could reach a final agreement with Senior in the coming weeks, the people said, asking not to be identified because the information is private. A deal would value Senior's aerostructures operations at about £200 million ($268 million) including debt, the people said. Sullivan Street is poised to beat out other suitors including investment firm Aurelius, the people said. While talks are advanced, an agreement could still be delayed or fall apart, the people said. Representatives for Senior and Aurelius declined to comment. A spokesperson for Sullivan Street couldn't be reached for comment. Senior said last week that it had made 'further good progress' and 'detailed discussions with parties are ongoing.' A sale would end a long search by the company, which has been working with adviser Lazard Inc. to sell the aerostructures business since 2019. The divestment would leave Rickmansworth, England-based Senior focused on its fluid conveyance and thermal management businesses and sub-systems. It operates in 12 countries, according to its website. The board last week forecast 'good growth' for the group in 2025, helped by the aerospace business. The company has a market value of £560 million. Sullivan Street focuses on the lower mid-market and acquires controlling stakes in UK-based businesses, its website shows. The investment firm recently acquired three marine infrastructure companies in the UK. --With assistance from Swetha Gopinath. More stories like this are available on First Published: 30 Apr 2025, 03:05 AM IST
Bloomberg
25-04-2025
- Automotive
- Bloomberg
Iveco's Defense Unit Attracts US Buyout Firms Bain, KPS
By , Swetha Gopinath, and Kiel Porter Updated on Save Bain Capital and KPS Capital are interested in Iveco Group NV 's defense unit, according to people familiar with the matter, as the Italian truckmaker looks to seize on the rising demand for military assets. The two US buyout firms have been considering bids for the business that makes armored and tactical vehicles, said the people, who asked not to be identified as the information is private. Deliberations are ongoing and they could decide against pursuing any deal, the people said.
Bloomberg
17-04-2025
- Business
- Bloomberg
CEO of Oatly Backer Verlinvest Faces Consumer Conundrums
Hi it's Swetha Gopinath in London, speaking with the head of consumer-focused Verlinvest about private equity's changing approach to the sector and navigating the market volatility. Also today, Global Payments shows big deals are still getting done. We'll be taking a short break for Easter and will return on Monday, April 21. Enjoy the extended weekend!
Bloomberg
21-02-2025
- Business
- Bloomberg
BP's CEO Cut His Teeth on Crisis — Now He Faces the Toughest Test Yet
By , Swetha Gopinath, and Dinesh Nair Save Murray Auchincloss had just returned to BP Plc's London headquarters from a long stint in other corners of the company's global empire, when everything changed in an instant. Oil was gushing out of a drilling vessel that exploded off the coast of Louisiana, killing 11 people. It was April 2010, and the Deepwater Horizon disaster was about to become the largest-ever marine oil spill in the US and the most monumental crisis in BP's 100-year history, costing $65 billion. Auchincloss's new job as chief of staff to the CEO put him right in the middle of the response.
