Private Equity

Cobham reveals lay-offs days after Advent acquisition

Advent International's acquisition of the British defense company was approved by the government in late December

Cobham has announced a number of job cuts days after Advent international delisted the British defense company from the stock exchange in a move that could reignite the debate over foreign takeovers of some of the UK's key companies.

The US private equity firm's £4bn acquisition of Cobham last year was widely criticised by politicians and shareholders over national security concerns and the potential loss of key roles.

WSJ Logo
How Trump Got His ‘Big, Beautiful Bill’ Across the Finish LineExternal link

How Trump Got His ‘Big, Beautiful Bill’ Across the Finish Line