Balderton Capital, the European venture firm that recently spun out of US group Benchmark Capital, has increased its stake in Codemasters, a UK-based video game develop, by buying out the company’s founders. The firm is simplifying the ownership structure ahead of a possible flotation.
2 min read · 04 January 2013
The bumper results of three listed private equity vehicles suggest that the public markets remain positive about the asset class, although ICG chairman John Manser believes the coming year will see a downturn in performance.
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
Stirling Square Capital Partners, a mid-market buyout firm backed by Citigroup, has moved to consolidate the financial security market by making a European bolt-on acquisition for portfolio company 3SI Security Systems.
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
BC Partners, a publicity-shy European buyout firm, has followed its acquisition of estate agent Foxtons by agreeing to buy Intelsat, the world’s largest commercial satellite operator. It is the firm’s biggest deal to date.
1 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
BC Partners, a publicity-shy European buyout firm, has followed its acquisition of estate agent Foxtons by agreeing to buy Intelsat, the world’s largest commercial satellite operator. It is the firm’s biggest deal to date.
1 min read · 04 January 2013
Guy Hands, the outspoken chief executive of Terra Firma, has hit out once again in defence of private equity’s tax treatment, highlighting the taxes paid by his firm and arguing that any changes would only benefit continental Europe.
2 min read · 04 January 2013
A leading pensions expert has defended London-listed Electra Private Equity, after the listed trust became the latest target for activist trade unions following a reduction in pension benefits for ex-employees of its portfolio company Lil-lets.
2 min read · 04 January 2013
