Middle East

Sainsbury’s family demands adequate pensions settlement(3)

Qatari investment company Three Delta may be thwarted in its attempts to buy UK supermarket Sainsbury’s by the founding Sainsbury family. The family has reiterated in a statement that its acceptance of any bid is conditional on the Qatari firm providing an adequate pensions settlement.

Walker defends report

Sir David Walker has spoken out against demands for separate legislation of private equity and has defended his decision to give UK industry group the BVCA the responsibility of enforcing his proposed code of conduct.

Middle East investors defy the credit crunch

While the credit markets have placed many private equity deals on hold, the ability of investors from the Middle East to deploy capital appears undiminished.

Wisconsin pension hires StepStone(3)

PCG spin-out StepStone will manage the State of Wisconsin Investment Board’s specialised private equity fund investments.

Buyout code proposals given teeth

Sir David Walker’s report on transparency and disclosure has encouraged UK industry body, the BVCA, to name, shame and expel non-compliers with his proposed code.

Sainsbury’s family demands adequate pensions settlement(2)

Qatari investment company Three Delta may be thwarted in its attempts to buy UK supermarket Sainsbury’s by the founding Sainsbury family. The family has reiterated in a statement that its acceptance of any bid is conditional on the Qatari firm providing an adequate pensions settlement.

Schwarzman defends sovereign funds

Speaking on a World Economic Forum panel dedicated to sovereign funds, the Blackstone chairman and chief executive praised the funds and likened them to US state pensions as institutional investors.

DIC makes first direct MENA investment(4)

Dubai International Capital has completed its first direct private equity investment in the region through the acquisition of luxury company Rivoli Group.

Hopes of LBO revival as Cinven makes Emap bid(4)

European buyout firm Cinven’s £2 billion bid for two divisions of media group Emap is the second largest new offer since debt market turmoil decimated the market for leveraged loans.

Carlyle hires global regulatory affairs head(4)

Carlyle has hired international trade and policy expert David Marchick to provide in-house government affairs, regulatory and strategic advice to its fund managers.