Private Equity
MBK Partners in its second deal this week has beaten two local private equity firms to seal its first deal in Japan, investing ¥71 billion in Yayoi, a business software unit of internet service provider Livedoor.
2 min read · 04 January 2013
US TV channel NBC Universal has bought television company Sparrowhawk Media, owner of the Hallmark Channel, for about £175 million. Buyout firms 3i and Providence Equity Partners have spent the last two years turning the business around.
2 min read · 04 January 2013
In a rare private equity court case, UK firm Cabot Square Capital has come out on top after a four-year argument over fees relating to the liquidation of a Credit Suisse-backed fund.
2 min read · 04 January 2013
Peter Struck, head of the SPD faction in the German parliament, is calling for rules to limit private equity’s ability to take controlling stakes in some German companies.
2 min read · 04 January 2013
Clayton Dubilier & Rice, a US buyout firm, is set to take advantage of growing private equity interest in wholesale and distribution businesses by selling Brakes, a UK catering business valued at about £1.2 billion.
1 min read · 04 January 2013
The global private equity firm has sold Loyalty Management Group after backing the company five years ago when it had no revenues. The company recently won an appeal allowing it to reclaim tax in the UK on its loyalty schemes.
2 min read · 04 January 2013
The global buyout group, whose name means "surprisingly different", has made its first investment in China taking a non-control stake in Galaxy, a casino operator, to fund an ambitious programme of property development and expansion.
2 min read · 04 January 2013
The UK's second largest pension fund the Universities Superannuation Scheme is demonstrating its appetite for alternatives with the appointment of two private equity specialists to lead its co-investment programme alongside its fund investments.
2 min read · 04 January 2013
The UK City Minister has said she is inviting the Chinese government’s sovereign fund to London. The funds continue on a path towards respectability after Sir David Walker persuaded the Qatar Investment Authority to sign up to his proposals on disclosure and transparency.
1 min read · 04 January 2013
LPX, a private equity data provider, has published an index of the largest liquid UK investment vehicles. LPX’s Michel Degosciu said the listed private equity returns shown by the index will encourage more firms to embrace transparency.
2 min read · 04 January 2013
