US venture firm Benchmark Capital’s European division is spinning out of its parent. The new firm, which has been operating largely independently for some time, will be called Balderton Capital.
2 min read · 04 January 2013
Ahead of tomorrow’s crucial Treasury Select Committee hearing, where MPs are expected to criticise the low tax rates enjoyed by the private equity industry’s biggest firms, UK mid-market groups are worried about being caught in the crossfire.
3 min read · 04 January 2013
HgCapital’s Ben Hewetson, the head of the mid-market firm’s leisure team, is leaving in the next few weeks. The departure follows Hg’s decision to merge his team with Richard Matthews’ consumer team six months ago.
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
UK prime minister-in-waiting Gordon Brown has told a conference of the GMB, a trade union that has been private equity’s most vociferous opponent in the UK, that a review of the industry’s tax treatment will be published ‘soon’.
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
Ahead of tomorrow’s crucial Treasury Select Committee hearing, where MPs are expected to criticise the low tax rates enjoyed by the private equity industry’s biggest firms, UK mid-market groups are worried about being caught in the crossfire.
3 min read · 04 January 2013
In announcing the resignation of chief executive Peter Linthwaite today, UK trade body the BVCA revealed that former head John Mackie will return in a temporary capacity while it seeks a permanent replacement. James Taylor reports on his surprising return to the front line.
3 min read · 04 January 2013
Candover has agreed to pay €1.5 billion to buy Stork, a Dutch industrial conglomerate that has been involved in a long-running battle over strategy with the two hedge funds that are its biggest shareholders.
2 min read · 04 January 2013
Marfin, a private equity vehicle targeting south-eastern Europe, has defied expectations by raising €4 billion for its listed fund in just one week. The Greek firm, which has already raised more money than any other listed vehicle, could now hit its €5.2 billion target earlier than expected.
2 min read · 04 January 2013
