February 2013 Issue

    Deal Mechanic: Equistone Partners Europe & Global Blue(2)

    Over a five-year period, Equistone doubled revenue at tax services business Global Blue thanks to a series of improvements to the company’s products and services. Graham Winfrey reports

    On the Record: John Hill of First Reserve(2)

    This year marks the 30th birthday of specialist energy investor First Reserve. Since 1983, it has raised some $23 billion and completed more than 450 deals; its current portfolio of 28 companies generates combined revenues of over $30 billion. As it prepares to raise Fund XIII, vice-chairman John Hill tells PEI how the industry – and his firm – has changed

    Nicholas Pye, Buyout Guy: Christmas is for losers(2)

    Pye gets some novel words of encouragement from Big Shop's managing partner

    Privately Speaking: Tim Sims of Pacific Equity Partners(2)

    Pacific Equity Partners introduced the buyout in Australia over a decade ago and has consistently raised the country’s largest funds. As it prepares to raise Fund V in a difficult climate, co-founder and managing director Tim Sims tells Drew Wilson that PEP still has an edge over its local and international rivals

    UK roundtable: Flight to quality(2)

    The UK is one of the world’s most established private equity markets, long a magnet for talent and capital. But given its stuttering domestic economy, thanks in no small part to the troubles of the neighbouring eurozone, are there still opportunities for private equity to make great returns? We gathered three of the UK industry’s leading lights in London in January to ask them about the outlook for 2013

    Regulation: Another level of worry(2)

    In December, the European Commission finally released the ‘Level 2’ implementation measures for the AIFM directive. The industry was underwhelmed, writes Thomas Duffell

    LP Radar: A curious appointment(2)

    The appointment of Robert ‘Bo’ Ramsey to replace Bob Clone as chief of private equity at Indiana Public Retirement System raises yet more questions about what’s going on with its private equity programme – questions that the pension fund seems disappointingly reluctant to answer

    Performance anxiety: the quest for better benchmarks(2)

    Measuring and benchmarking performance has long been a headache for private equity investors. Could relative performance measures ease some of the pain – and help LPs make better asset allocation decisions? Amanda Janis reports

    Fiscal shelves?(2)

    The US may have pulled back from the fiscal cliff – but with so many tough economic decisions still to be made, investors still have plenty to worry about.

    Vietnam's time to shine?(2)

    Vietnam’s macroeconomic woes have so far discouraged private equity investment, but renewed activity suggests firms are reassessing the opportunity. By Clare Burrows

    Sovereign funds: Russia and rupees(2)

    Russia’s massive state-backed co-investment fund has sealed a second big tie-up with a big Asian investor – this time in India – and is already planning a third.

    First Round: Crazy bad buyouts(2)

    First Round went to Beijing once. It’s fair to say that it wasn’t for the sea air. Even a few years back, the Chinese capital seemed to have a growing problem with pollution; now, apparently, it is (to use the official US term) “crazy bad”. But never fear, Beijing: private equity will save you...

    Nicholas Pye, Buyout Guy: Christmas is for losers

    Pye gets some novel words of encouragement from Big Shop's managing partner

    On the Record: John Hill of First Reserve

    John Hill tells PEI how the industry – and First Reserve – has changed since 1983.

    LP Radar: A curious appointment

    The appointment of Robert ‘Bo’ Ramsey to replace Bob Clone as chief of private equity at Indiana Public Retirement System raises yet more questions about what’s going on with its private equity programme – questions that the pension fund seems disappointingly reluctant to answer

    Deal Mechanic: Equistone Partners Europe & Global Blue

    Equistone doubled revenue at tax services business Global Blue thanks to improvements to the company’s products and services.

    First Round: Crazy bad buyouts

    First Round went to Beijing once. It’s fair to say that it wasn’t for the sea air.

    Privately Speaking: Tim Sims of Pacific Equity Partners

    Tim Sims tells Drew Wilson that PEP still has an edge over its local and international rivals.

    UK roundtable: Flight to quality

    UK roundtable: Flight to quality James 2013-02-02 Taylor The UK is one of the world’s most established private equity markets, long a magnet for talent and capital. But given its stuttering domestic economy, thanks in no small part to the troubles of the neighbouring eurozone, are there still

    Regulation: Another level of worry

    In December, the European Commission finally released the ‘Level 2’ implementation measures for the AIFM directive.

    Fiscal shelves?

    The US may have pulled back from the fiscal cliff – but investors still have plenty to worry about.

    Sovereign funds: Russia and rupees

    Russia’s state-backed co-investment fund seals a second tie-up with an Asian investor and is already planning a third.  

    Vietnam's time to shine?

    New activity suggests firms are reassessing private equity investment opportunities in Vietnam.   

    Performance anxiety: the quest for better benchmarks

    Measuring and benchmarking performance has long been a headache for private equity investors...