Western Europe

TPG-BA consortium walks away from Iberia

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.

Moulton puts £12m into drugs clinic(2)

UK private equity contrarian Jon Moulton has personally funded a purpose-built private drug addiction treatment centre in Kent.

Duke Street signs up to Walker report across portfolio

Duke Street Capital’s decision to report on all its portfolio companies will boost the number of companies affected by the Walker code. Walker estimated 65 portfolio businesses would be compelled to report from day one.

Graphite buys headhunter for £100m

Graphite Capital, the UK mid-market firm, has bought recruitment outsourcing firm Alexander Mann Solutions as it looks to grow the company internationally and by product range.

Graphite buys add-on gas supplier(4)

The UK mid-market firm has invested in the platform gas business it bought in June, taking total financing to more than £50m with the acqusition of Global Gas Supplies.

Gresham recruits from Deloitte

Gresham has recruited James Slipper from Deloitte as a partner, after working with the accountant on a number of deals.

Barclays Private Equity closes on €2.4bn(2)

The UK private equity arm of Barclays Capital has closed its third European fund, having raising the entire capital from existing investors.

BVCA names communications veteran as chief executive(4)

The search for a new chief executive has ended with the appointment of Simon Walker, a communications specialist and one time secretary to HM The Queen. He is also an adviser to the government on red-tape reduction.

Truell says government promised taper relief was permanent

The former chairman of the BVCA Edmund Truell has claimed the government has reneged on its promise not to “snatch away” the taper relief on capital gains tax at 10 percent then Chancellor of the Exchequer Gordon Brown introduced in 1997.

Gala Coral takes Walker to heart

Permira, Cinven and Candover, the three buyout firms behind the gaming company Gala Coral, have set the blueprint for compliance with Sir David Walker’s report on disclosure and transparency.