Weak pound allows Advent International to win US$5bn battle for U.K.’s Cobham
With the Brexit fiasco primarily responsible for a weak pound, U.S. private equity firm Advent International has taken advantage of the situation and snapped up Cobham, the U.K. firm renowned for its pioneering work on air-to-air refueling, for US$5 billion. The price agreed was at a premium of 50% of the average monthly share price […]
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