MELBOURNE: EQT Holdings Ltd., the holding company for Equity Trustees, said Monday it has received an unsolicited, nonbinding takeover proposal from U.S. private equity firm TPG Global LLC. The indicative offer proposes to acquire 100% of EQT’s outstanding shares through a scheme of arrangement at A$24.55 per share in cash, less any dividends declared or…
LONDON: Cicor Technologies Ltd has sweetened its bid for TT Electronics plc, introducing a final all-cash option alongside a share alternative, in a move aimed at addressing shareholder concerns over holding Swiss-listed stock. Under the revised terms, TT shareholders can receive 150 pence in cash per share or elect to take 0.0084 new Cicor shares,…
The merger of the Swiss entities facilitates the migration of clients and operations from Credit Suisse (Schweiz) AG to the UBS platform, following business, client- and product-specific requirements
LONDON: A consortium consisting of Trinity Investments, Oaktree Capital Management, and UBS Asset Management’s Real Estate & Private Markets Multi-Managers business has successfully acquired the prestigious Park Hyatt Zurich. “The Park Hyatt Zurich is the perfect launch of Trinity’s business model into Europe,” said Ryan Donn, Managing Partner of Trinity Investments. “We were able to…
LONDON: UBS (NYSE:UBS) and Apollo today announced that they have entered into an agreement pursuant to which ATLAS SP has concluded its Transition Services Agreement with UBS and UBS will close out its Investment Management Agreement with Atlas. As part of this agreement, Apollo will purchase USD 8 billion of senior secured financing facilities from…
Universal Background Screening (UBS), a leading workforce solutions company, has announced the appointment of Bob Lyons as its new Chief Executive Officer (CEO) and board member. Lyons succeeds Kevin Olson, the founder of UBS, who has stepped down after leading the company for over a decade. Lyons is a veteran technology executive with over 30…
UBS (NYSE:UBS) has announced that Suni Harford, President Asset Management and GEB Lead for Sustainability and Impact, will retire from the firm on 1 March 2024. She will be succeeded by Aleksandar Ivanovic and Beatriz Martin Jimenez, respectively. Aleksandar Ivanovic, currently Head of Client Coverage and Head of the EMEA and Switzerland regions for Asset…
ZURICH: UBS Group and UBS AG today announced that UBS has agreed to sell its remaining minority stake (48.8%) in Clearstream Fund Centre (CFC) to Deutsche Börse AG for approximately CHF 390 million. Long-term commercial cooperation arrangements remain in place for the provision of services by Clearstream to UBS, including the collaboration in jointly servicing…