Private equity haiku<link rid="fn1">&#42</link> of the month

What is in a name?

“Placement agents” are frantic

Proving value add

QUOTABLES
“Why should he pay more tax when he could move to the Channel Islands? He runs a hotel in Jersey, so knows the area pretty well; besides, he is on the road a lot of the year, so it doesn't really matter where he lives.”

An acquaintance of Guy Hands – boss of London-based buyout firm Terra Firma – commenting in the Guardian on his reported decision to move to Guernsey to escape the UK's 50 percent tax rate for high earners. Terra Firma remains UK-based

“We will see defaulting investors. If they don't want to be in private equity again they can and they probably will [default].”

Marleen Groen, chief executive of London-based secondaries firm Greenpark Capital, quoted in the Financial Times

“In all cases we see a slowing down of the decrease in GDP. In certain cases you see already a picking up.”

European Central Bank president Jean-Claude Trichet acknowledges signs of green shoots in the global economy, also quoted in the Financial Times

“We have been working to enter the bank market for well over a year and now have all the pieces in place for a measured but significant expansion.”

Finlay McFadyen, partner and co-head of mergers and acquisitions at London-based AnaCap Financial Partners, commenting on his firm's acquisition of Ruffler Bank – the first UK deposit-based institution to be bought by a private equity firm

“The way that Africa has performed this last year – when history would imply complete implosion – gives us confidence that the African renaissance has real legs this time around.”

Christopher Egerton-Warburton, a partner at emerging markets advisory firm Lion's Head Global Partners, quoted in the UK's Sunday Times