Private Equity
After initially approaching Brit Insurance in June, Apollo has agreed a takeover deal with the board of the company by joining forces with CVC.
2 min read · 05 January 2013
Due to launch early next year, electronic secondaries trading platform Secondcap has hired former AIM head Martin Graham as chairman.
2 min read · 05 January 2013
The UK-listed private equity firm has this week sold engine manufacturer MWM for €580m and exited its minority stake in Balco, a developer of balconies.
1 min read · 05 January 2013
The European private equity firm is buying French jewellery retailers Histoire d’Or and Marc Orian from Silverfleet Capital and Qualium Investment, respectively. Silverfleet sold Histoire d’Or for €417 million, generating a 3x exit multiple.
2 min read · 05 January 2013
Tim Flower relocated to the firm’s Hong Kong office from London this month and is the firm’s first dedicated secondaries specialist in the region.
2 min read · 05 January 2013
In an effort to discredit Citi banker David Wormsley, Terra Firma attorney David Boies attacked him for allegedly disclosing ‘confidential’ information in the past.
3 min read · 05 January 2013
More than three-quarters of UK managers expect to exit at least half their domestic portfolio companies over the next year, a survey says.
1 min read · 05 January 2013
The State Investment Council last week preliminarily approved increasing its private equity allocation, and made its first private equity-like commitment since early 2009.
2 min read · 05 January 2013
The Guy Hands-led firm is suing its financial advisor Citi for allegedly tricking it into buying EMI for £4 billion. Citi argues Hands is looking for a scapegoat for the struggling investment.
4 min read · 05 January 2013
The private equity industry accounted for 73% of UK M&A activity in the first half of the year, its highest proportion on record.
2 min read · 05 January 2013
