Harriet Harman, the wife of trade union boss Jack Dromey, has been elected deputy leader of the UK Labour Party, just days after her husband led the criticism of the private equity industry at a government enquiry.
2 min read · 04 January 2013
Joseph Blum, a senior project finance lawyer with substantial experience of advising oil and gas companies, has joined Global Infrastructure Partners as private equity’s interest in the sector shows no sign of drying up.
2 min read · 04 January 2013
Alliance Boots chairman Sir Nigel Rudd thinks the UK Pensions Regulator should be allowed to decide the appropriate level of funding for the pension schemes of companies involved in buyout deals.
2 min read · 04 January 2013
Lyceum Capital chief executive Philip Buscombe has weighed into the row over the tax treatment of carried interest, suggesting that changes to the rules will affect the ability of smaller buyout and venture capital firms to attract talented managers from the corporate world.
2 min read · 04 January 2013
Sovereign Capital has continued its buy-and-build strategy for Kinetics Group, the maintenance business it created earlier this year, with the £7.25 million bolt-on acquisition of gas maintenance company TA Horn.
1 min read · 04 January 2013
US buyout firm Bain Capital has won the race to buy Brake Bros, a UK food distribution business, from Clayton Dubilier & Rice, in a deal thought to be worth about £1.3 billion.
2 min read · 04 January 2013
As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.
3 min read · 04 January 2013
Harriet Harman, the wife of trade union boss Jack Dromey, has been elected deputy leader of the UK Labour Party, just days after her husband led the criticism of the private equity industry at a government enquiry.
2 min read · 04 January 2013
Energy giant BP has created a new position to oversee its pension fund’s private equity investments. Ex-BA trustee Vicky Wilson will form part of a new-look team at the head of the $27 billion fund.
2 min read · 04 January 2013
Private equity’s investor relations professionals will have their own UK trade body from this summer. The launch of PEIRA, which will focus primarily on training and networking, comes as the industry faces increasing pressure to improve its public image.
2 min read · 04 January 2013
