Barclays Wealth and Investment Management related stories
All articles and analysis
UK buyout activity falls 73%First quarter deal activity reflects a ‘UK buyout market showing little sign of life’, according to recent data that shows just £2bn has been invested so far this year, compared with £7.5bn in the first quarter 2008.
- CVC emerges as exclusive iShares bidder
The London-based buyout house is the last bidder standing in the battle for Barclays Group’s ETF business. The deal will reportedly be worth up to £3bn and largely financed with a loan from Barclays.
- Apax, Barclays complete £1.6bn Somerfield exit
The UK supermarket chain Somefield has been sold to fellow supermarket operator Co-Operative Group just three years after it was acquired by an Apax- and Barclays-led consortium for £1.8 billion. The deal was announced in July but has taken 6 months to complete.
- Barclays holds on to AA Saga, Boots loans
Almost half of the banking giant’s £10.4bn leveraged loan book comprises loans relating to the take-private of Alliance Boots and the AA Saga merger. The bank is holding the loans, rather than selling ‘into an unwilling market’.
- Ho Ching to leave Temasek
The wife of Singapore’s prime minister will in October cease leading Temasek, which has come under fire for financial services over-exposure. The sovereign fund and avid private equity player will be led by ex-BHP Billiton chief executive Chip Goodyear, a succession that has been planned for 'more than a year'.
- Barclays Capital appoints private equity banking head in Japan
The investment banking wing of Barclays Bank has also hired a director for its financial sponsors group. Both hires were formerly from Lehman Brothers.
- BC Partners makes top management changes
Chairman Jens Reidel has stepped down as part of a planned retirement process, handing co-chairman roles to managing partners Francesco Loredan and Raymond Svider. Next month John Hosgood, Barclays’ former co-head of leveraged finance, will join the firm to lead a push into credit strategies that will be largely focused on purchasing debt in its own deals.
- Barclays mulls BPE spin-out, secondary sales
As the mid-market firm deploys its €2.4bn Fund III, its parent has considered spinning out the private equity arm as well as potential sales of interests in its existing funds.
- Lehman Brothers Real Estate not part of Neuberger deal
Lehman's private equity real estate arm is not part of the $2.1bn deal by Bain Capital and Hellman & Friedman to acquire the investment bank's prized asset management business, Neuberger Berman. Lehman's private equity funds of funds and secondaries units will be sold.
- Lehman’s $30bn PE and RE portfolio still up for grabs
As British bank Barclays snaps up Lehman’s core investment banking businesses, the fate of the bankrupt bank’s investment management division including its private equity and real estate portfolio has yet to be sealed.