Lloyds Banking Group related stories
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Federal Reserve, FDIC approve Volcker ruleThe FDIC’s board voted unanimously to seek comments on the proposal through 13 January. The Federal Reserve also stated it would accept feedback by that date.
- LDC set to trump last year’s investment total
LDC, the private equity division of Lloyds Banking Group, has continued its prolific deal spree having sealed its eleventh investment this year, and is on track to surpass last year’s total.
- Lloyds keeps buyout group in-house
UK state-backed lender Lloyds Banking Group has decided against granting its in-house private equity arm, LDC, independence, despite many of its peers divesting non-core assets including investment arms.
- Lexington set to close Fund VII on $6bn
The secondaries firm, which began fundraising in early 2008, has closed on $5bn and is expected to hold a final close by 30 June.
- Buyout firms chase UK retailers
Private equity firms are taking a keen interest in UK retail businesses despite warnings from the Bank of England over the fragile nature of consumer spending.
- LDC maintains run rate with twin deals
LDC, the captive private equity arm of Lloyds TSB Banking Group, has maintained its recent deal-making spree with two acquisitions, taking its deployed capital in 2011 alone to £163m.
- CCMP exec to head £2.5bn fund
Stephen Welton, a senior member of JPMorgan spinout CCMP Capital Advisors, will act as CEO of Business Growth Fund, which will be chaired by former Barclays director Sir Nigel Rudd.
- Valad Europe in MBO bid
The senior European managers of Sydney-based real estate fund manager Valad have made an indicative proposal to buy out the €5 billion platform
- Lexington buys Lloyds’ £470m PE portfolio
Lexington will purchase 33 LP stakes, most of which Lloyds had reportedly acquired when it took over HBOS.
- Realisation of former BOSIF portfolio begins
Cavendish Square Partners, the Coller-backed owner of the former Bank of Scotland Integrated Finance private equity portfolio, has begun divesting its assets with the £450m sale of Vue Cinemas to London-based Doughty Hanson.