US investment group Fortress may have to go head-to head with US hedge fund Polygon for a second time, over the buyout of London-listed reinsurer Alea.
1 min read · 03 January 2013
CVC Capital Partners is reportedly looking to bounce back from the disappointment of losing out in the battle for Sainsbury’s by turning its attentions to Altadis, a Spanish tobacco company.
1 min read · 03 January 2013
CCMP Capital Asia has been hit with $32 million tax bill from the South Korean authorities, in the latest setback for private equity firms active in the country.
1 min read · 03 January 2013
Shares in Taiwan-based ASE, the world’s largest chip testing company, soared to a seven year high today, after The Carlyle Group withdrew its $6 billion bid for the company. Many investors felt the offer was too low.
2 min read · 03 January 2013
Following another poor set of results and another share price fall, Debenhams chief executive Rob Templeman fears that his company is being made a scapegoat for private equity buyouts.
2 min read · 03 January 2013
Shareholders in Countrywide, a UK estate agency, voted overwhelmingly in favour of Apollo Management’s £1.05 billion offer today. The US buyout firm had been forced to sweeten its bid yesterday to fend off an eleventh hour approach from an unnamed suitor – reportedly UK group 3i.
2 min read · 03 January 2013
An aggrieved shareholder has launched a lawsuit against US buyout firm Kohlberg Kravis Roberts over its potential $29 billion deal for US firm First Data, on the grounds that the proposed bid is too low.
1 min read · 03 January 2013
Some of the world’s biggest buyout firms are set to fight it out for the $3.5 billion-valued higher education division of publishing company Thomson, in the latest demonstration of private equity’s appetite for the sector.
2 min read · 03 January 2013
Bear Stearns Merchant Banking has provided another demonstration of private equity’s appetite for healthcare businesses, buying US-based Universal Hospital Services for $712 million.
2 min read · 03 January 2013
The Private Equity Foundation, the industry’s recently-launched charitable initiative, has hired Shaks Ghosh, the former head of homelessness charity Crisis, to be its first chief executive.
2 min read · 03 January 2013
