Author: The Editorial Team

LONDON (Capital Markets in Africa) – Private equity firm Thoma Bravo agreed to buy Sophos Group Plc for $3.8 billion, taking the British cybersecurity firm private in the biggest takeover of a U.K. technology firm this year. Thoma Bravo will pay $7.40 a share in cash, or 583 pence per share, representing a premium of 37.1% to its last closing price, the buyout firm said in a statement Monday. Shares jumped as much as 38% in London on Monday…

LONDON (Capital Markets in Africa) – Boris Johnson’s attempt to secure a Brexit deal ran into trouble after the European Union warned the talks were still a long way from a breakthrough and the British prime minister’s political allies distanced themselves from his plans. The pound fell. After a weekend of intensive negotiations in Brussels, the EU’s chief Brexit negotiator, Michel Barnier, told a meeting of envoys on Sunday that the U.K.’s proposals for breaking the deadlock over…

LONDON (Capital Markets in Africa) – Businesses are trying to persuade the opposition Labour Party to soften its plans to crimp profits, empower workers and take privately-held assets under state control as the U.K. approaches an unpredictable general election. After a string of nationalization pledges, party leader Jeremy Corbyn added another last month when he said a Labour government would set up a publicly-owned company to manufacture generic versions of patented medicines, cutting the profitability of pharmaceutical…