 |
Teneo handles private equity firm Clayton, Dubilier & Rice as it considers a possible cash deal for Wm. Morrison Supermarkets plc, which is Britain’s No. 4 chain.
Under UK takeover rules, CD&R has until July to make a firm offer for Morrisons.
The chain’s board of directors on June 19 rejected CD&R’s “unsolicited highly conditional non-binding proposal.”
After discussion with financial advisor Rothschild & Co., Morrisons’ board determined that CD&R's $7.6B offer “significantly undervalued Morrisons and its future prospects.”
Reuters reported that Terry Leahy, who transformed Tesco into the UK’s No. 1 supermarket chain, is advising CD&R.
Teneo’s Philip Gawith and Haya Herbert-Burns represent CD&R, which acquired Huntsworth Group (owner of Grayling, Red and Citigate Dewe Rogerson PR firms) for $520M in 2020.
C Street Advisory Group is handling the Chapter 11 filing of LIV Golf following the move by Saudi Arabia’s Public Investment Fund to pull the financial plug on the League. (Updated)
Teneo handles Bamboo Insurance Services as the Midvale, UT-based marketer of homeowner policies files a Form S-1 statement with the SEC for an initial public offering.
FTI Consulting handles West Marine as the nation’s leading retailer of marine parts and accessories for boating, fishing and sailing enthusiasts emerges from Chapter 11 bankruptcy.
Throughline Global Advisors represents Principal Mineral as it acquires Conductive Group, manufacturer of advanced materials for the aerospace, telecommunications and electronics sectors.
Trump Media & Technology Group posted a $238M Q2 loss on $1.7M in revenues. That performance compares to a $20M loss and $883K revenues in the 2025 comparable quarter.
