Western Europe

Hands growls at mega buyout demise(4)

Terra Firma founder and former banker Guy Hands has said bankers are “whimpering dogs”, who will need to be enticed from their baskets after the credit crunch.

Paine to buy German manufacturer from Montagu

Paine & Partners has inked its second deal since changing its name from Fox Paine, prompted by settlement of a lawsuit between Dexter Paine and former partner Saul Fox.

Report: Darling listens to capital gains tax critics(2)

UK Chancellor Alistair Darling has conceded his planned capital gains tax increase is 'controversial' and said he plans to publish final proposals in three weeks’ time.

TPG-BA consortium walks away from Iberia(4)

US buyout firm TPG Capital has abandoned its second bid for a national carrier this year, as the consortium it formed alongside UK airline British Airways has walked away from its bid for Spanish rival Iberia.

Citi-backed Spanish consortium unveils plans for Iberia(2)

A consortium including Spanish billionaires and regional bank BBK has tabled a bid for national airline Iberia which could cause problems for the TPG-BA consortium’s rival bid.

JC Flowers bids $1.8bn for Shinsei stake(3)

The private equity firm that made its name turning around the Japanese bank has returned to bail out a beleaguered Shinsei with the largest-ever private equity deal in the Japanese banking sector.

Mid-East, South Asia distressed fund raises $120m(2)

Dubai-based distressed specialist HBG Holdings has held a second close on $120 million for its Middle East and South Asia-focussed fund. It is expected to close this year with commitments ‘north of $200 million’, more than double its initial target.

Three Delta drops Sainsbury’s bid after Qatari talks(4)

Three Delta has withdrawn its bid for Sainsbury’s citing the problems in the credit markets and an equity increase demanded by the UK supermarket’s pension trustees.

Hicks launches PE firm(4)

In the latest stage of his very busy retirement, Tom Hicks has made a formal return to private equity with the launch of Dallas-based Hicks Equity Partners and the hiring of three managing directors for the firm.

TPG-BA consortium walks away from Iberia(3)

US buyout firm TPG Capital has abandoned its second bid for a national carrier this year, as the consortium it formed alongside UK airline British Airways has walked away from its bid for Spanish rival Iberia.