Apologies for the tardy post Betavillers; unfortunately I was away from the desk all day travelling from one end of London to the other during an on-off rail strike.
Anyway, it would appear Mark "The Kleinmanator" Kleinman, a former colleague at The Daily Telegraph, of Sky News landed today's top deal scoop...
Well, perhaps little old Betaville made the right not to publish the IWG bid rumour after all - CC Capital has just said it doesn't plan to make an offer for IWG (with all the usual caveats). Below is the link:
The old Kleinmanator of Sky News is at it again - digging out a corking scoop.
This time Mark, a former colleague and boss during our time at the The Daily Telegraph, has sniffed out a top story about CC Capital's interest in buying IWG, the serviced office company controlled by entrepreneur Mark Dixon. Below is a link to Mark's piece:..
On the cusp of the New Year Betaville thought looking backwards might be useful excercise to figure out what 2019 holds, especially for those bankers, lawyers and investors looking to get involved in dealmaking next year.
One thing that struck Betaville was the amount of attempted leveraged buy-outs of public companies, in particular UK-listed businesses, that failed to make it over the finishing line...
Mark Dixon, the Monaco-based billionaire, last night sold over 27 million IWG (formerly Regus) shares at 345p a share, making himself almost £100 million.
I guess that puts paid to the idea that Dixon, the founder of IWG and largest shareholder, is currently in talks with various bidders, which is what was reported last week by little old Betaville's rivals...