The UK Treasury Select Committee has outlined the terms of its own enquiry into the private equity industry, following a similar move by Sir David Walker’s working party.
2 min read · 03 January 2013
The private equity consortium linked with a bid for Sainsbury has reportedly made its first tentative approach to the UK retailer, as it considers making a bid ahead of its April 13 deadline.
2 min read · 03 January 2013
UK buyout firm Duke Street Capital has sealed its latest acquisition in the food sector, buying UK snack-maker Burton’s Foods in a deal thought to be worth more than £200 million.
2 min read · 03 January 2013
The UK trade body has launched a working group, to be chaired by City grandee Sir David Walker, which will look at how the industry can become more transparent. The initiative has been backed by most of the UK’s biggest buyout firms.
2 min read · 03 January 2013
3i has beaten heavyweight opposition to land its first deal in central and eastern Europe, and is aiming high after launching a new team dedicated to the region.
2 min read · 03 January 2013
Three of the world’s biggest buyout firms may ignore convention and submit a competing offer for TXU, a US utility that accepted a $45 billion offer from KKR and TPG last month.
2 min read · 03 January 2013
In the wake of the recent controversy over private equity, the UK Treasury’s Select Committee is to conduct an enquiry into the industry. Both sides of the argument are likely to find support.
3 min read · 03 January 2013
Ed Balls, a key ally of UK Chancellor Gordon Brown, has played down fears over the role of private equity in the UK economy, but encouraged calls for greater transparency.
2 min read · 03 January 2013
EMI, the struggling music group previously targeted by buyout firm Permira, confirmed this morning that rival Warner Music has made a fresh approach to buy the business, as the company again finds itself the target of bid speculation.
2 min read · 03 January 2013
An increased appetite for emerging markets – particularly China and India – saw investors pour record sums into private equity funds targeting these regions last year.
1 min read · 03 January 2013
