Mitchells & Butlers, the UK bar and restaurant group, called in Citigroup, which successfully defended it from a hostile takeover in May, to advise on a £497m (€728m) pub deal announced today.

In a regulatory news statement this morning, Mitchells & Butlers revealed it had sealed the deal to buy 239 pubs from rival group Whitbread. It is set to close the transaction at the end of the month.

M&B rewards defence bank with £500m pubs deal

Nick Clark

Citigroup

Royal Bank of Scotland

Private markets and competition for IPOs mean no respite for AIM’s woes

Trump is obsessed with crypto. But the UK can still lead the way on tokenisation

Why has HSBC failed? Former bankers blame the stifling culture and bureaucracy

Trading Places: BNP’s new COO, Clifford Chance poaches from KKR

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Find out who is on the move in the City and beyond this week

Clifford Chance hires KKR director in London private equity drive

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Magic Circle firm boosts London private equity offering

Proskauer Rose hires Hogan Lovells private equity partner in London

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The hedge-fund founder is asking triple what he paid for the Bali-inspired Manalapan estate in 2017.

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

The announcement comes as USS Investment Management said it won’t bid for the property firm.

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Assura

KKR Floats $1.97 Billion Non-Binding Offer for London-Listed Property Firm Assura

The U.S. private-equity firm said t decided not to begin a tender offer for the Japanese software company after consulting with Fuji Soft founder Hiroshi Nozawa.

Successful firms are increasingly split between behemoths with several business lines and those focusing on their roots of buying companies.

The New Survival Guide for Private Equity: Go Big or Get Back to Basics

The Chinese technology giant has begun tests to integrate homegrown startup DeepSeek’s AI model into its Weixin messaging app.

Tencent Shares Rise as App Launches DeepSeek Testing

Tencent Shares Hit More Than Three-Year High as App Launches DeepSeek Testing

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Financial News

British Billionaire Chris Rokos Wants $150 Million for His Florida Mansion

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Tencent Shares Rise as App Launches DeepSeek Testing