EG Group: building an empire on debt-fuelled growth
EG Group, run by the billionaire Issa brothers and a secretive private equity firm, has rapidly grown into a petrol stations empire with €20bn in annual revenues. As the FT’s Kaye Wiggins explains, the business has been built on debt, low interest rates and bold ambition. Last year it purchased Asda for £6.8bn, but with no experience in running a supermarket chain, what will the company do with it?
Activist investors have had a quiet year, thanks to Covid-19. Even a group of investors renowned for their aggressive tactics were reluctant to publicly attack companies reeling from the impact of a global pandemic.
With growing pressure on businesses to incorporate ESG in dealmaking, green bonds are proving increasingly attractive. What does growth in this method of sustainable finance mean for the investment market?
With healthcare providers turning to digital to meet consumer demands, an increasing convergence of healthcare and tech companies could restore M&A activity for 2019. But is this emerging healthtech sector immune to global uncertainty?
Due Diligence’s James Fontanella-Khan, US corporate finance and deals editor, explains why established companies from brick and mortar retailers to broadcasters are taking risky bets on big acquisitions.
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