We can still rule the world

In these straitened times, it may be debatable whether private equity investors are any more seen as capitalist masters of the universe. But if you can't be a master of the universe, Chicago-based GTCR Golder Rauner has demonstrated that it is possible to buy one: the firm has paid $200 million to UK media company Entertainment Rights for the rights to various cartoon characters including inter-planetary superhero He-Man.

In a statement, GTCR vice president Eric Sondag said: “The management and exploitation of intellectual property rights for iconic entertainment franchises is a unique space in which we continue to see a number of intriguing investment opportunities.”

In a surprising omission, the statement did not refer to the acquisition of mysterious galactic powers as a reason for the deal.