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Chris Hughes

Chris Hughes

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CVC’s Mooted $15 Billion Tag Shows Needed Realism

Europe’s best-known private equity firm has spent years preparing for its initial public offering and was hesitating even before finally announcing...

monday 1

Bloomberg

Chris Hughes

Growth From Mergers? Here’s What You Want to Hear

Everyone says that mergers and acquisitions mostly fail. Now Bain & Co. brings a challenge to the received wisdom. The “Big Three” consulting firm...

12.04.2024 7

Bloomberg

Chris Hughes

Think UK Stocks Are Cheap? Try Buying a Whole Company.

Foreign acquirers — mainly from the US — are targeting UK companies again. This time they’re being forced to pay up. Forget the apparent cheap...

04.04.2024 5

Bloomberg

Chris Hughes

KPMG’s 40 Years Auditing for One Asset Manager Is Plenty, Thanks

KPMG LLP audited Aberdeen Asset Management for 32 years before its client merged with Standard Life. Now, the Big Four accounting firm is in its...

02.04.2024 10

Bloomberg

Chris Hughes

Billionaire Drahi Offers a Painful Lesson in Negotiation

Welcome to negotiation, Patrick Drahi style. Back in August, the billionaire struck a deferential tone when addressing bondholders financing his...

26.03.2024 10

Bloomberg

Chris Hughes

Your Painful Car Renewal Is Driving Some Risky M&A

For bankers, the sticker shock at rising car insurance premiums on their Range Rovers has a silver lining. As renewal pricing goes up, so do the...

20.03.2024 9

Bloomberg

Chris Hughes

Don’t Give Activists Cause to Dine on Your Breakup

Corporate breakups are costly, distracting and short on concrete business benefits. So why do investors and analysts keep pushing for them? Picture...

14.03.2024 6

Bloomberg

Chris Hughes

A Frothy $12 Billion LBO Is Now Proving Buyout 101

Private equity firms love assets being cast adrift from multinationals, and auctions for these so-called “corporate carve-outs” tend to be heated....

07.03.2024 10

Bloomberg

Chris Hughes

What’s Another $25 Billion on $100 Billion of Debt?

An ambitious deal may be brewing in the US cable industry, creating a behemoth carrying nearly $125 billion of debt. If Spectrum Internet owner...

05.03.2024 9

Bloomberg

Chris Hughes

How Might the Next Gilt Crisis Start? Like This.

UK companies are falling over themselves to offload their pension-plan liabilities to the insurance industry. The changes in investment strategies...

01.03.2024 20

Bloomberg

Chris Hughes

A $20 Billion Deal Would Relieve LBO Constipation

The jumbo leveraged buyout is attempting a comeback. A deal for Sanofi SA’s consumer health-care business — purveyor of laxative brand Dulcolax...

26.02.2024 8

Bloomberg

Chris Hughes

Capital One's Deal for Discover Could Help Spark an M&A Rush

Capital One Financial Corp.’s $35 billion deal for rival credit card provider Discover Financial Services is more than an opportunistic move on a...

20.02.2024 3

Bloomberg

Chris Hughes

Adler Bondholders Replace One Mess With Another

A landmark judgment upholding the rights of US bondholders in one of Europe’s biggest real estate disasters should resonate widely. It’s a warning...

02.02.2024 8

Bloomberg

Chris Hughes

Agnellis’ Philips Stake Stumble Warns on Known Unknowns

If the billionaire Agnelli family thought its investment in Royal Philips NV would rally once the regulatory fallout of the health-care company’s...

29.01.2024 6

Bloomberg

Chris Hughes

Has McKinsey Become Unleadable?

It’s a big year for elections — and that includes McKinsey & Co.’s poll to pick the Global Managing Partner for the next three years. As in so...

26.01.2024 3

Bloomberg

Chris Hughes

BlackRock's Pricey Infra Deal Will Beget More M&A

It’s a seller’s market for infrastructure asset managers. Conventional and alternative investment firms are falling over themselves to expand in...

23.01.2024 3

Bloomberg

Chris Hughes

The European CEO Dilemma: Buy a US Rival or Be Bought by One?

Can we buy an American company before an American company buys us? It’s a question facing the chief executive officers of many European businesses....

19.01.2024 5

Bloomberg

Chris Hughes

Private Equity’s Software Battles Offer Lessons in M&A Tactics

Bain Capital has this week lost out on a second European software deal in a year. While the first was careless, the second looks more like misfortune....

16.01.2024 30

Bloomberg

Chris Hughes

Grifols Still Has Key Gotham Research Questions to Answer

Gotham City Research LLC’s short campaign against Spanish health-care firm Grifols SA is more a combination of analysis and conjecture based on...

11.01.2024 10

Bloomberg

Chris Hughes

Rising Telecoms M&A Favors Bankers Over Billionaires

The fortunes of European telecom billionaires Xavier Niel and Patrick Drahi could scarcely contrast more starkly. While Niel presses home his...

09.01.2024 4

Bloomberg

Chris Hughes

Canary Wharf Will Test Its Owners' Unity and Resolve

There was great relief when the owners of Canary Wharf — Brookfield Corp. and the Qatar Investment Authority — injected cash into the London...

22.12.2023 8

Bloomberg

Chris Hughes

Quixotic Activist Was Naive About Modern Capitalism

It sounded quixotic, and so it proved. Activist investor Jeff Ubben is winding down his social and environmental impact funds, a project that sought...

21.12.2023 3

Bloomberg

Chris Hughes

Private Equity Sees an Oligopoly Ripe for Disruption

When private equity firms push into an industry, you know there are decent returns to be made. Just consider their enthusiasm for the arcane business...

13.12.2023 10

Bloomberg

Chris Hughes

Investors Can’t Help Gorging on Anti-Obesity Drugs

Investors’ appetite for obesity treatments is proving hard to satisfy. Swiss pharmaceuticals giant Roche Holding AG has just agreed to pay up to...

04.12.2023 5

Bloomberg

Chris Hughes

Billionaire Heirs Have a How-to-Spend-It Problem

“Let me tell you about the very rich. They are different from you and me.” F. Scott Fitzgerald could have added that they are also generationally...

30.11.2023 10

Bloomberg

Chris Hughes

What If Lending to Your Own Buyout Gets Sticky?

The private equity industry’s push into credit is so well advanced that no one bats an eyelid when the same buyout firm is invested in the debt and...

29.11.2023 4

Bloomberg

Chris Hughes

Is a Hedge Fund More Than Its Founder?

Is a hedge fund anything without its founder? Another batch of well-known hedge fund managers have sold out or moved to liquidate portfolios this...

27.11.2023 10

Bloomberg

Chris Hughes

Buyout Barons Risk a $15 Billion Game of Chicken

Buyout barons will cheer Blackstone Inc. and Permira for reviving the private equity industry’s mojo with their deal for Adevinta ASA. Minority...

22.11.2023 3

Bloomberg

Chris Hughes

Bayer Woes Make a Monsanto Break Harder Not Easier

Bayer AG shareholders may be inured to the rising costs of litigation over the Roundup weedkiller the German company inherited with the 2018 takeover...

20.11.2023 20

Bloomberg

Chris Hughes

‘Prime Is Fine’ in Real Estate. Except When It’s Not

A charismatic entrepreneur pulls in wealthy investors to amass a portfolio of some of the finest prime real estate. Banks and bondholders are...

17.11.2023 8

Bloomberg

Chris Hughes

A Hedge Fund Picks a Property Fight No One Else Dared

Bondholders are impatient by nature, but they’ve shown surprising forbearance toward troubled Swedish landlord SBB as their securities have plunged...

15.11.2023 2

Bloomberg

Chris Hughes

What Comes After Elliott Buys a Stake? A Deal

Elliott Management Corp. is taking another run at the drug-discovery sector. A campaign against UK pharmaceutical giant GSK Plc in 2021 proved...

10.11.2023 3

Bloomberg

Chris Hughes

CVC May Have to Skip a January IPO Window Too

Even in difficult markets, a well-regarded firm can do an initial public offering by accepting a low price and selling shares to bargain-hunting hedge...

07.11.2023 3

Bloomberg

Chris Hughes

JPMorgan Alum Overreaches in Fight to Halt KKR’s Telecom Italia Deal

Call this activism? The campaign by a former JPMorgan Chase & Co. banker against Telecom Italia SpA’s €20 billion-plus ($21 billion) sale of its...

03.11.2023 5

Bloomberg

Chris Hughes

Where Will the Buck Stop at Morgan Stanley?

There are clearly more positives than negatives in Morgan Stanley’s appointment of Ted Pick to succeed James Gorman as chief executive officer. But...

26.10.2023 5

Bloomberg

Chris Hughes

There’s a Reason Why UK Stocks Need UK Owners

The increasing presence of international investors in the UK stock market looks at first glance like a success story for London. But it’s really a...

26.10.2023 4

Bloomberg

Chris Hughes

Deutsche Bank's Dealmakers Are Under Pressure

The March collapse in Deutsche Bank AG’s shares amid fears it would be the next victim of the US banking crisis is now a distant memory. The German...

25.10.2023 2

Bloomberg

Chris Hughes

British Bankers Shouldn’t Celebrate the Bonus Cap's Demise

The defining characteristic of investment banking is that bankers take more than their fair share of the rewards made by the firm. The UK’s decision...

24.10.2023 2

Bloomberg

Chris Hughes

KKR Puts Vivendi in Check With Italian Network Bid

After months of twists and turns, the attempt led by KKR & Co. to buy Telecom Italia SpA’s core network infrastructure is entering the endgame....

17.10.2023 4

Bloomberg

Chris Hughes

No Gloating Over ARM’s IPO, Please. We’re British.

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

22.09.2023 10

Bloomberg

Chris Hughes

Niel’s Hedge Fund Hires May Pause Before Moving to GAM

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

19.09.2023 9

Bloomberg

Chris Hughes

SoftBank Has Either Reopened the IPO Market or Killed It

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

14.09.2023 9

Bloomberg

Chris Hughes

A $20 Billion ‘Merger’ Wrong-Foots the Arbitrageurs

Due to the technical or legal reasons, readability mode is not available for this article. Thank you for your kind understanding.

12.09.2023 2

Bloomberg

Chris Hughes

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