Aaron Kirchfeld

January 8, 2025 BlackRock Inc. told employees it's cutting roughly 1% of its workforce after it committed more than $25 billion for acquisitions last year to expand its reach in private-market assets and data.

Virginia Transformer Corp. is exploring a sale that could value the US transformer manufacturer at more than $6 billion, people familiar with the matter said, amid soaring demand for electricity.

Hi, it’s Liana Baker in New York and Aaron Kirchfeld in London. Today we’re speaking to the chief executive of an under-the-radar engine maker about its dealmaking ambitions. Elsewhere, Cleveland-Cliffs’s CEO returns to form and Equistone pauses fundraising.

Der Schweizer Inspektions- und Prüfkonzern SGS befindet sich dem Vernehmen nach in fortgeschrittenen Gesprächen über eine Fusion mit dem französischen Wettbewerber Bureau Veritas. Kommt ein Deal zustande, würde ein Test- und Zertifizierungsriese mit einem Gesamtmarktwert von rund 32 Milliarden Franken entstehen.

SGS SA is in talks to combine with Bureau Veritas SA in a deal that would create a European testing and certification company with a combined market value of more than $33 billion.

SGS SA and Bureau Veritas SA are seeking significant savings from a tie-up as talks advance to build a European champion for testing and certification with a combined market value of more than $33 billion.

The private equity owners of AlixPartners are exploring a potential sale of the US consulting firm, people with knowledge of the matter said.

Die Prüfspezialisten SGS aus der Schweiz und Bureau Veritas aus Frankreich peilen mit ihrer angestrebten Fusion informierten Kreisen zufolge eine jährliche Kostensenkung von mehr als 400 Millionen Euro an.

Blockbuster deals that died a decade ago are coming back to life, as sectoral, regulatory and political tailwinds create favorable conditions for reviving transformational transactions.

Hi, it’s Aaron Kirchfeld in London, looking at how bankers and executives are trying to bring dead deals back to life. Elsewhere, two of Italy’s most prominent billionaire clans emerge as power brokers in reshaping the country’s banking industry.