Companies line up $1tn of asset sales as activists push break-ups
Global companies offloaded everything from ice cream to cement businesses in 2025
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KKR explores $10bn sale of ex-Unilever spreads business
Private capital firm hires bankers to sell Flora Food Group after ditching targets to make its portfolio plant based
US asset managers break M&A spending record
Industry reported $38bn in transactions in 2025 as consolidation intensifies
First Brands creditors reckon with dwindling chance of repayment
Upcoming asset sales are expected to yield as little as $200mn to pay off debt pile of more than $12bn
FTSE 100 loses the last of its industrial conglomerates
Buyout groups targeting unloved assets and technology accelerated the pace of group break-ups
OpenAI makes five-year business plan to meet $1tn spending pledges
New revenue lines, debt partnerships and further fundraising targeted to cover enormous costs
Private equity firms sell assets to themselves at a record rate
So-called continuation vehicles set to account for a fifth of sales by the sector in 2025