NEST Corp updates Sign up to myFT Daily Digest to be the first to know about NEST Corp news. Nest, one of the UK’s largest workplace pension schemes, has announced a £1.5bn private equity spending spree in the biggest move by a British retirement scheme into the asset class. The £20bn state-backed pension fund with … Read more
Startup valuations are skyrocketing, putting pressure on tomorrow’s IPOs Alex Wilhelm 6 days Inflation may or may not prove transitory when it comes to consumer prices, but startup valuations are definitely rising — and noticeably so — in recent quarters. That’s the obvious takeaway from a recent PitchBook report digging into valuation data from a … Read more
Japanese business & finance updates Sign up to myFT Daily Digest to be the first to know about Japanese business & finance news. Shiseido has agreed to sell bareMinerals and two other US cosmetics brands to private equity firm Advent for $700m, closing a bitter chapter in the Japanese company’s $2.1bn expansion into the US. … Read more
Say goodbye to valuation discounts and the Series A gap, Northeast startups Alex Wilhelm Anna Heim 2 days The global startup community is currently enjoying a period of fundraising success that may be unprecedented in the history of technology and venture capital. While this is happening around the world, few startup hubs in the world … Read more
Wm Morrison Supermarkets PLC updates Sign up to myFT Daily Digest to be the first to know about Wm Morrison Supermarkets PLC news. Clayton, Dubilier & Rice has raced ahead in the supermarket sweep. The US private equity firm, battling it out in a bidding war, is offering 285p a share for Wm Morrison, a … Read more
Newly reported financial data from Bird, an American scooter sharing service, shows a company with an improving economic model and a multiyear path to profitability. However, that path is fraught unless a number of scenarios all work out in concert and without a glitch. Bird, well known for its early battles with domestic rival Lime, … Read more
At a moment when we are reevaluating the purpose of business, Richard Powers’s 1998 novel Gain makes for compelling reading. Daniel Akst writes that the book’s intertwined sagas of a long-standing manufacturing company and the people living near its headquarters force us to reckon with the complexity of business’s contribution to communities.
Private equity updates Sign up to myFT Daily Digest to be the first to know about Private equity news. How times change. In 2007, private equity titans were hauled in front of parliament to answer questions about their excessive use of debt, aggressive cost-cutting and dubious tax breaks. Amid general accusations that the sector was … Read more