The near £11 billion per annum investment from overseas has contributed to the boom in the UK financial services industry, spurred on by cheques from private equity firms amounting to almost £580,000 per adviser.
2 min read · 04 January 2013
Ethos Private Equity has sold Tsebo Outsourcing Group having carried out a problematic disposal of a non-core on-flight catering business following the terrorist attacks of September 11, 2001 and ridden out price inflation in South Africa.
2 min read · 04 January 2013
Standard Life European Private Equity Trust has seen an increase in net asset value, though its chairman says problems in the global credit markets will mean a quieter period for draw-downs and distributions.
2 min read · 04 January 2013
The German mid-market firm Buchanan’s investment in yacht company Dehler has allowed the company to bolt on ETAP Yachting. The company sought private equity backing to service its large order book.
1 min read · 04 January 2013
Terra Firma’s settlement with the German bank over the disputed Boxclever securitisation allows the UK buyout firm to defend charges of fraud on only one front against French bank Natixis.
1 min read · 04 January 2013
Swedish buyout firm Ratos and global investment firm 3i have reaped Skr500 million each with the recapitalisation of Swedish manufacturing company DIAB.
1 min read · 04 January 2013
The owners of Liverpool Football Club, US investors Tom Hicks and George Gillett, are close to strengthening their hold on the UK Premiership club despite reported bid interest from Middle Eastern firm Dubai International Capital.
1 min read · 04 January 2013
The European buyout firm’s exit from Mark IV Industries has finalised losses it wrote down in 2006 for its seventh fund. The firm is separately set to complete its $16 billion Intelsat deal next month.
1 min read · 04 January 2013
Private sector bidders for Northern Rock were boosted by government plans to securitise and guarantee its loans to the struggling UK bank, although the government could still attempt to nationalise the bank.
2 min read · 04 January 2013
UK mid-market buyout firm HgCapital leaving the bidding for Biffa has created a gap for Global Infrastructure Partners to team up with Montagu Private Equity, which had signed a non-solicitation agreement alongside Hg with the UK waste services company’s board.
1 min read · 04 January 2013
