Loyal readers might recall that back in May last year little old Betaville suggested that City spin merchant Tulchan, led by former Conservartive party chairman Baron Feldman of Elstree, was working with advisers from Evercore on "strategic options" and a tie up with rival Teneo, backed by CVC Capital Partners, would make sense. Below is the link:..
How many flaks do you need to work on a mutli-billion dollar listing?
Well, typically only one but for some reason CVC Capital Partners, Britain's biggest buy-out house, has lined up corporate spinners Tulchan alongside Teneo to work on its bumper float, according to well-placed snouts.
Quite why CVC feels the need to pay Tulchan, which is run by former Conservative party chairman Andrew Feldman, hundreds of thouands of pounds to work on the listing is a bit of a mystery...
Two weeks ago financial and political public relations firm Teneo hit the headlines after the boss of its London office issued a warning to employees about "pooing in the shower", leaving their messy underwear for the cleaner to pick up and throwing up on the company carpets. Below is a link to the peice broken on Guido Fawkes and the follow up in the The Times: ..