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BVCA warns of dire consequences of tax change(4)

The UK Treasury has been advised by the BVCA, in its submission for this year’s pre budget report, not to make changes to private equity taxation because any adjustment could have “dire consequences”.

Garrison to leave Texas Teachers

Texas Teachers’ alternatives head Keith Garrison has resigned in order to fill the same role at the Texas Christian University endowment, following former Texas Teachers CIO James Hille.

Société Géneralé targets Australian buyouts(3)

Société Géneralé has expanded its acquisition and leverage finance business to Australia to boost existing Asia Pacific operations based in Hong Kong.

Partners targets sovereign wealth

Partners Group has given Erik Kaas the task of developing its investor base to include sovereign wealth funds as the firm promotes a number of other colleagues.

Lord Browne leaves Apax to head up Riverstone Europe(3)

Energy specialist Riverstone Holdings has appointed Lord Browne of Madingley as head of its newly formed European arm, allowing the peer to return to the energy industry after his dramatic resignation from oil company BP.

Actis hires ex-GIC executive as China head(3)

Actis, the emerging market buyout investor, has hired Lim Meng Ann, a former China-based GIC Special Investment executive to head its China operations. Lim replaces Chin Bay Chong, who left Actis at the start of the year.

HBoS eyes European expansion via restructuring

HBoS, the UK bank, has restructured its acquisition finance and structured finance teams into one leveraged finance unit as it looks to expand its European operations.

Blackstone hires healthcare czar

The Blackstone Group has created a new role for Alan Muney, the former chief medical officer at Oxford Health Plans, to manage healthcare benefits across the firm’s 52 private equity portfolio companies.

Silver Lake hires top Cisco exec

Cisco’s chief development officer, Charles Giancarlo, will join Silver Lake Partners as a managing director in January, as the firm raises $10 billion for its fourth buyout fund.

CVC brings in former RBS finance chief(3)

Fred Watt, who a year ago was set to work with Doughty Hanson on a publicly listed fund that never went ahead, has joined the European LBO house as chief operating officer.