Deutsche Bank stands to make at least £4m (€5.8m) in fees after winning the investment banking beauty parade to advise CVC Capital Partners on the sale of Kwik-Fit, the car parts retailer.

Deutsche beat competition from Merrill Lynch, Citigroup, Goldman Sachs and Morgan Stanley for what is expected to be a trade sale or secondary buy-out valuing Kwik-Fit at £800m, or roughly ten times last year's earnings before interest, tax, depreciation and amortisation.

Deutsche wins £800m Kwik-Fit sale mandate

Guy Paisner

Citigroup

Morgan Stanley

Goldman Sachs

EFG UK boss: Rich Americans are interested in the UK

EFG UK chief sees ‘clear interest’ from wealthy Americans contemplating UK move

Barclays poaches Citi managing director for wealth private credit push

Senior GIC private equity lawyer joins Dechert in London

https://images.fnlondon.com/im-14432569?size=1.5

US law firm hires private equity specialist from key client

https://images.fnlondon.com/im-30083951?size=1.21

Dale Walsh will accelerate growth of the private bank and wealth management’s lending business

Northern Trust taps UN pension fund for head of international role

https://images.fnlondon.com/im-84247389?size=0.8

Pedro Guazo, who joins in August, will also oversee the $1.3tn asset manager’s responsible investment platform globally

Pilots trained for years and intelligence forces built up networks for the multipart offensive in Iran, which included a gambit called “Red Wedding.”

Inside “Operation Narnia,” the Daring Attack Israel Feared It Couldn’t Pull Off

Inside ‘Operation Narnia,’ the Daring Attack Israel Feared It Couldn’t Pull Off

The Israel-Iran cease-fire and avoidance of supply disruptions took much of the geopolitical risk premium out of the price.

Oil Posts Weekly Loss As Geopolitical Premium Evaporates

The reaction is a sign of how hard Zohran Mamdani will have to work to win over New York’s economic establishment after winning the Democratic primary for mayor.

NYC Developers Gripped by Hysteria After Mamdani’s Sudden Rise

Kevin Warsh, Kevin Hassett and Scott Bessent are among those under consideration as Trump evaluates their commitment to cutting rates—and “made-for-TV” appeal.

Trump Considers Naming Next Fed Chair Early in Bid to Undermine Powell

European leaders debated what they could give up to secure a speedy trade deal.

By Kim Mackrael, Bertrand Benoit and Gavin Bade

EU Considers Lowering Tariffs on U.S. Imports in Bid to Woo Trump

EU Considers Lowering Tariffs on U.S. Imports in Effort to Woo Trump

No one expects to have to start over from the bottom rung at age 50. But when the pandemic struck, marketing professional Stephen Starring Grant rose to the challenge.

How I Lost My Career and Started Delivering Mail

Jeff Bezos and his space company have talked to President Trump in recent weeks.

By Josh Dawsey, Dana Mattioli and Micah Maidenberg

Bezos and Blue Origin Try to Capitalize on Trump-Musk Split 

Tesla’s sales in the European Union logged another steep decline in May, continuing a downward trend for Elon Musk’s electric-vehicle maker even as the bloc’s EV market shows signs of growth.

Tesla’s EU Sales Slumped in May Despite EV Market Growth

Oil futures recovered some ground amid short-covering after three days of declines, supported by lingering Middle East risk perception and bullish inventory data in the U.S.

How a band of brew-swilling detectives brought down Scotland’s ‘Mr. Tea’

On-and-off trade battles, hot wars and deportations make it tough to predict where the U.S. economy is headed.

U.S. Attack on Iran Injects Uncertainty Into Already Uncertain Economy

Texas and Oklahoma have banned some banks from state contracts, saying they discriminate against the gun and fossil-fuel industries.

By Alexander Saeedy, AnnaMaria Andriotis and Dylan Tokar

 Big Banks, Worried About Being Trump’s Next Target, Race to Appease Republicans

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