Private Equity
Sir Richard Branson, the founder of UK business Virgin Group, has called for the UK Chancellor Alistair Darling to ditch plans to remove “taper-relief” on capital gains. Branson joins a widespread group of protesters against the reforms.
2 min read · 04 January 2013
Buyouts executives such as European buyout firm Terra Firma’s Guy Hands are attempting to tap alternative debt providers, especially the sovereign wealth funds, in an effort to keep doing deals.
2 min read · 04 January 2013
BlueRun Ventures, a US early-stage venture capital provider, is boosting its capacity for internet, wireless and consumer deals the region.
1 min read · 04 January 2013
Uncertainty over whether Thoma Cressey Bravo would completely split or raise separate, sector-focussed funds under one roof has been erased with the appointment of former US Senate majority leader Bill Frist to the newly formed Cressey & Company.
2 min read · 04 January 2013
Dubai investment group Istithmar has opened an office in Shanghai; it is the firm’s first office outside of the United Arab Emirates.
1 min read · 04 January 2013
The former chairman of the BVCA Edmund Truell has claimed the government has reneged on its promise not to “snatch away” the taper relief on capital gains tax at 10 percent then Chancellor of the Exchequer Gordon Brown introduced in 1997.
2 min read · 04 January 2013
The Asia push comes as the firm is looking to buy a 25 percent stake in UK insurance company Towergate.
2 min read · 04 January 2013
Laurence Fink, former Blackstone partner and founder of publicly traded investment firm BlackRock, has reportedly been offered the chief executive position at Merrill Lynch. Fink is also said to be a candidate for the same job at Citi, as both US banks seek to replace CEOs in the wake of multibillion dollar write-downs.
3 min read · 04 January 2013
In a further sign of institutionalisation at the global private equity giant, and ahead of an expected IPO, KKR has lured David Sorkin, a lawyer from Simpson Thacher, to become general counsel, as well as named new heads of human resources and information technology.
2 min read · 04 January 2013
Dubai investment group Istithmar has opened an office in Shanghai; it is the firm’s first office outside of the United Arab Emirates.
1 min read · 04 January 2013
