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Fox Paine co-founder sues his colleagues(2)Saul Fox has filed a lawsuit against his firm’s co-founder, Dexter Paine, claiming that Paine is trying to force him out of the firm.
- Coates becomes latest Australian firm to reject buyout(3)
Coates Hire is the latest listed Australian company to reject a buyout offer because the price was too low. The Carlyle Group had reportedly been a frontrunner in the race for the machinery rental company.
- Lehman hires Jeb Bush as PE advisor(3)
US investment bank Lehman Brothers has reportedly hired Jeb Bush, the US President’s brother, to advise its private equity business.
- German venture capitalists given incentives, no buyout law forthcoming(3)
Industry figures have cautiously welcomed changes in the German tax law to benefit venture capital. However, buyouts remain outside this legislation’s scope, allowing critics to bracket them alongside hedge funds.
- Coates becomes latest Australian firm to reject buyout(2)
Coates Hire is the latest listed Australian company to reject a buyout offer because the price was too low. The Carlyle Group had reportedly been a frontrunner in the race for the machinery rental company.
- Coates becomes latest Australian firm to reject buyout
Coates Hire is the latest listed Australian company to reject a buyout offer because the price was too low. The Carlyle Group had reportedly been a frontrunner in the race for the machinery rental company.
- Merits of new exchanges(3)
The proliferation of new private securities exchanges could help private equity firms become more institutionalized and function as a first step prior to a public listing, industry players say.
- Legislator proposes $48bn tax hike for investment fund managers
Charles Rangel, chair of the US Congressional committee charged with writing tax law, has proposed a bill that would substantially overhaul the US tax system and generate $48 billion in tax revenue.
- Rubenstein: major buyout firms pondering IPOs
Carlyle co-founder David Rubenstein has predicted more IPOs for private equity firms as they grow and their founders age, while Apollo founder Leon Black has acknowledged that his firm and virtually all others are considering public offerings.
- MBK Partners signs first deal in Japan(2)
MBK Partners in its second deal this week has beaten two local private equity firms to seal its first deal in Japan, investing ¥71 billion in Yayoi, a business software unit of internet service provider Livedoor.