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Bank of America walked away from providing financing for Clayton Dubilier & Rice's $520M deal to take Huntsworth private due to the volatility in the global markets.
The transaction ranks as the UK's biggest private equity buyout of the year.
Bloomberg reports that BoA's credit committee refused to sign off on the financial transaction.
Royal Bank of Canada stepped in via a $295M loan and $46M in revolving credits to bankroll the transaction, according to a regulatory filing.
BoA, RBC and boutique firm Houlihan Lokey Inc. served as advisers to CD&R.
Bloomberg noted that it's relatively unusual for a banker to advise a client on a deal and then decide against funding it.
Huntsworth owns Grayling, Red and Citigate Dewe Rogerson.
WPP CEO Cindy Rose unveiled “Elevate 28,” a strategic plan to simplify the troubled company, which reported a 5.4 percent drop in 2025 revenues to $13.6B.
Omnicom CEO John Wren reported a Q4 $977.2M operating loss, largely due to the $1.1B in severance and repositioning expenses connected to the $13B Interpublic takeover that closed on Nov. 26.
Publicis Groupe reports an 8.8 percent rise in 2025 net revenues to $16.4B with
Public Policy Holding Company today priced its initial public offering at $12.25 per share. The sale of 4,150,000 shares raised $50.8M in gross proceeds.
Public Policy Holding Company reports that 4Q '25 revenues surged 27.8 percent to $49.9M. Organic growth rose 5.4 percent.
