Western Europe

Carried away with it(2)

The UK Chancellor has increased the tax burden on the country's beleaguered buyout executives. But his move is carefully calculated to keep the industry in London, writes Nicholas Lockley.

CDC, Ronny John part company(4)

Former Asian Development Bank executive Veronica John is leaving CDC, just six months after having joined the emerging markets private equity group earlier this year.

Darling to pronounce on buyout taxes(4)

The UK Treasury is set to reveal its planned changes to the tax treatment of private equity later today. It is believed Chancellor of the Exchequer Alistair Darling will single out the industry in a bid for popularity.

Rock prefers Virgin, WL Ross consortium

A consortium led by Virgin Group and including WL Ross has tabled a preferred bid for struggling UK bank Northern Rock. The bid provides shareholders with a way to benefit from the upside of any turnaround.

Darling emphasises Rock nationalisation possibility

The UK Chancellor has said troubled UK bank Northern Rock may elude the grasp of private bidders, despite US bank Goldman Sachs reportedly soliciting sovereign wealth funds on behalf of the government.

Permira consortium completes £110m sale after nine years(4)

A consortium involving Permira, RBS and HBoS has sold toothpaste tube manufacturer Betts Global after a nine year investment.

Boots syndication could take up to a year(2)

The syndication of the remaining tranche of Alliance Boots debt could take up to a year after a double blow to the company.

Capital Trust targets $300m MENA fund

The investment firm is preparing to go back to investors having nearly invested its $65 million regional fund, as activity continues in the burgeoning MENA region.

Hands: LPs aren’t paying for social work

Bettering businesses is the means by which the asset class performs societal good, the Terra Firma co-founder told prospective private equity professionals. He also advised them not to become a GP if they hope to make a ‘quick buck’ in today’s market.

Enterprise Investors makes 10x return from IPO(3)

Central and eastern European buyout firm Enterprise Investors has made a ten times return on its partial exit from financial services company Magellan.