James Taylor

OMERS posts “terrific” results from alternatives(2)

The Canadian pension fund has enjoyed strong gains from its real estate and private equity investments, allowing it to post an overall return of 16.4 percent.

Industry defenders continue to emerge(4)

Leading advisers to private equity are beginning to come out in support of the industry, following a wave of recent criticism.

Myners defends criticisms of private equity(2)

Paul Myners, one of the most respected names in the City of London, has defended his criticisms of private equity to PEO, after he had previously highlighted the risks to pension funds.

TPG on short-list of five for Alitalia(2)

Texas Pacific Group is one of five groups selected by the Italian government to bid for struggling airline Alitalia. It now has until April to put together an offer.

AA casts doubt on disclosure theory(2)

The example of the AA, where buyout firm Permira has actually improved the level of disclosure since taking the company private, suggests that the latest transparency initiative may not solve the industry’s woes.

Apollo offers £1 billion for Countrywide(2)

As expected, Apollo Management has submitted a £1 billion proposal to buy UK estate agency Countrywide, although some shareholders are likely to be disappointed with the 590p-per-share on offer.

Fortress IPO ’25 times over-subscribed’(2)

Some of the world’s biggest alternative asset managers will be watching with interest tomorrow when Fortress Investment Group becomes the first US hedge fund and private equity group to float on the stock exchange tomorrow.

Biggest buyout-backed companies paid no corporation tax(2)

A study of the corporation tax bills of the ten biggest private equity backed firms in the UK has revealed that, between them, they actually depleted the Treasury’s coffers last year.

Nikko sells RoadChef to Israeli group for £375m(2)

Nikko Principal Investments has sold UK firm RoadChef to an Israeli real estate group for £375 million. Nikko had owned the motorway service station chain for nearly ten years.

Blackstone starts selling after biggest ever buyout(2)

The Blackstone Group yesterday sealed a hard-fought victory in the $40 billion battle for Equity Office Properties. Now its thoughts will turn to making sure its investment bears fruit, writes James Taylor.