Barclays Wealth and Investment Management related stories
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Private equity dines outThe UK restaurant sector has seen more than £1 billion in private equity transactions in the last month. Private equity’s appetite for eating out assets is, as yet, undiminished. By Robert Venes.
- Kelting to head European leveraged finance at Barclays
David Kelting, the joint head of Barclays Capital’s sponsor origination team, has been promoted head of European leveraged finance, replacing Chris Coles, who is going on sabbatical.
- Permira, Barclays concede defeat on McCarthy & Stone
Tom Hunter and Bank of Scotland’s £1.1bn bid for care homes builder McCarthy & Stone has been successful, with Permira and Barclays Capital opting not to increase their offer.
- 3i appoints Citigroup’s Swannel to board
3i, Europe’s largest quoted private equity manager, appointed Citigroup Europe vice chairman Robert Swannel at its annual general meeting yesterday. The board also approved a £700m return of capital to shareholders, reported earlier in the year.
- Permira, Barclays increase McCarthy & Stone bid to £1.059bn
Permira and Barclays Capital have matched a rival consortium’s 1,030 pence per share offer rejected by UK housebuilder McCarthy & Stone last week.
- Permira sparks bidding war for UK housebuilder
European buyout firm Permira looks to make it third time lucky with McCarthy & Stone, a UK housebuilder, after losing out on UK public-to-private bids for HMV, a music retailer, and DeVere Group, a hotel chain.
- Terra Firma sells waste business for £1.4bn
Terra Firma, the UK private equity firm, will hold on to the waste-to-energy arm of Waste Recycling Group, which analysts say could be worth £650m, following a sale of the waste disposal business to FCC of Spain.
- Barclays strengthens US leveraged finance with 10 hires
Barclays Capital has made 10 hires to its US leveraged finance team, headed by Rick Van Zijl and Joe McGrath, who joined the firm from Goldman Sachs in February.
- Actis hires financial services specialist
Mark Richards, an 18-year veteran of Barclays, is the second hire in recent months for Actis following the appointment of former Microsoft India MD Rajiv Kaul.
- PPM Capital pays £182.5m for Azzurri
London-listed private equity firm 3i has generated a 5x money multiple on its £182.5m sale of voice and data services business Azzurri Communications.