The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.
The UK prime minister in waiting promised his continued support for the City of London, the heart of the UK financial services industry, and appointed Permira’s managing partner as an advisor.
After last week’s mauling, the private equity industry gave a solid account of itself at the latest evidence session of the UK Parliament’s investigation, welcoming the Treasury’s review of the tax regime, but warning of consequences if the UK became less competitive.
The US investment bank with $18 billion in unlisted investments, is the latest private equity operator looking to take advantage of the private equity boom by creating a permanent capital vehicle.
The Blackstone Group is paying the lawyers and accountants working on its IPO under 1 percent of the total funds raised. The US buyout firm is also paying bankers slightly over half the usual aggregate fee they would usually receive on such a deal.
A consortium of financial institutions is providing acquisition finance for CVC’s bid for Franco-Spanish tobacco group Altadis. The buyout firm’s bid has experienced pressure from the Spanish government concerned at the lack of domestic involvement, but it is believed Spanish savings bank Caja Madrid’s involvement may counteract such concerns.
The distressed specialist is riding wave of investment in Vietnamese state-owned businesses.
The US investment bank with $18 billion in unlisted investments, is the latest private equity operator looking to take advantage of the private equity boom by creating a permanent capital vehicle.
As senior buyout firms go before the UK Parliament’s Treasury Select Committee, UK prime minister Tony Blair has pledged a review into the taxation of private equity to be published at the time of the Pre-Budget Report.
The investment bank has raised $8 billion for it sixth international real estate vehicle, a new record. However, Blackstone’s latest fund may soon surpass it.