Western Europe

Carried away?

Have legislators in the US and UK closed the book on changes to carried interest taxation? A trio of tax experts provides PEO with perspective on the latest Capitol Hill and Westminster developments.

Agribusiness fund in $143m Russian chicken deal(2)

As private equity interest in Russia picks up, Burlington Capital Group has sold Russian poultry producer Chicken Kingdom to meat processor Cherkizovo Group for $143 million.

Agribusiness fund in $143m Russian chicken deal

As private equity interest in Russia picks up, Burlington Capital Group has sold Russian poultry producer Chicken Kingdom to meat processor Cherkizovo Group for $143 million.

TA Associates closes $1.75bn fund

The private equity firm has raised $1.75 billion for its sixth Atlantic and Pacific fund, a vehicle for non-US limited partners.

GB Merchant Partners sells Spencer’s(4)

Gordon Brothers’ private equity arm has sold specialty retailer Spencer’s Gifts to ACON Investments after streamlining its business and redesigning its stores.

Apax and OMERS to pay $750m for Houghton Mifflin division

The educational publishing house has agreed to sell its college-related arm to the consortium, which will add it on to Cengage, the former Thomson Learning division it acquired in July for $8 billion.

KKR says IPO still on track(3)

KKR has refuted a UK media report that the buyout firm has postponed its planned $1.25 billion IPO on the New York Stock Exchange.

Merrill jumps ship as KKR mulls second Boots bid

Alliance Boots, the UK retail chain that recently rejected a £10 billion buyout offer from Kohlberg Kravis Roberts, has lost one of its brokers to the bidding team, fuelling speculation that an improved offer may be forthcoming.

Graphite completes turnaround of heating company

Graphite Capital, the UK mid-market private equity firm, has sold Applied Energy, having grown sales at the business by 38 percent after buying it nearly six years ago from a joint venture owned by Marconi and GE.

Mercapital puts auction woes behind it

The Spanish buyout firm has teamed with The Carlyle Group to buy web hosting firm Arsys for €160m – in the process avoiding the kind of competitive auction that proved unproductive for the firm this year.