Yesterday’s sale of the Bold Pub Company was the latest in a string of successful deals in the leisure sector for Close Ventures, one of the UK’s longest-established venture capital trust managers. James Taylor met managing director Patrick Reeve.
4 min read · 04 January 2013
Emap, the media group that is currently being circled by various private equity firms, has paved the way for its forthcoming £2 billion sale by offering its shareholders a way of minimising their potential tax bills.
2 min read · 04 January 2013
The shareholders of Sallie Mae, a US student loan company that accepted a buyout bid from a consortium led by JC Flowers in April, have voted in favour of the $25 billion deal – despite concerns that government cuts could cause the buyers to drop their offer.
2 min read · 04 January 2013
UK estate agency chain Countrywide confirmed that it has received an approach from another potential suitor, believed to be US private equity firm Apollo Management, after the collapse of its buyout talks with 3i.
2 min read · 04 January 2013
Emap, the media group that is currently being circled by various private equity firms, has paved the way for its forthcoming £2 billion sale by offering its shareholders a way of minimising their potential tax bills.
2 min read · 04 January 2013
While reporting bumper second quarter results, the world’s largest insurer revealed it made a profit of nearly $400 million when Blackstone floated in March.
2 min read · 04 January 2013
Milestone Capital Partners has made yet another exit, with the £70 million sale of hotel business The Eton Collection to rival group JJW Luxury Collection.
2 min read · 04 January 2013
The third hearing of the UK Treasury Select Committee saw four more buyout chiefs attempt to justify the industry’s tax and legal treatment to a group of MPs. In a noticeably less hostile environment, the four men presented a largely united front.
4 min read · 04 January 2013
The VCT manager has sold its stake in the UK-based Bold Pub Company to Calco Midlands, a rival operator, generating an internal rate of return of 20 percent.
2 min read · 04 January 2013
California pension fund Fresno County Employees’ Retirement Association has committed a further $110 million to the asset class, after enjoying strong returns from its previous investments.
2 min read · 04 January 2013
