Western Europe

Walker transparency drive targets large buyouts

Sir David Walker has published his recommendations on how UK private equity must improve transparency. The consultative report focuses on three areas: annual reporting by large portfolio companies; annual reporting by GPs, and the co-ordination of industry-wide performance data.

Terra Firma ditches plans to buy Boots stake

US buyout firm Kohlberg Kravis Roberts was left seeking new equity partners for its £11 billion buyout of Alliance Boots, after UK buyout firm Terra Firma was forced to withdraw its plan to take an opportunistic £250 million stake.

Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value(2)

Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.

Founding shareholder Deutsche Bank sells final stake in Deutsche Beteiligungs(3)

A child of Germany’s Wirtschaftswunder, the post war economic miracle, has finally grown up as Deutsche Bank sells the last of its founding stake in Deutsche Beteiligungs, 42 years after founding the private equity company.

Centre Partners acquires military headhunter(3)

The New York-based private equity firm predicts that the acquisition of the military recruiting and consulting firm Orion will create synergies with its other portfolio companies.

Apollo and Abu Dhabi disagree about 10% stake’s $1.5bn value

Apollo Management is reportedly in a dispute over the valuation of the firm in its attempt to sell a 10 percent stake to the Abu Dhabi Investment Authority.

Seconds out… Round Three

As four more buyout bosses and two influential third parties go before the UK Treasury Select Committee, the industry hopes for a further damage limitation exercise. James Taylor reports.

KKR courts debt investors for landmark Boots deal(3)

The record debt package financing Kohlberg Kravis Roberts’s landmark £11 billion acquisition of Alliance Boots is proving attractive to debt investors. The buyout firm began its roadshow yesterday.

Astorg sells clinical device company to Montagu

The French private equity firm has rolled over its investment in Sebia, a diagnostics business, while mezzanine provider Intermediate Capital Group has stepped up its exposure.

CDC commits $100m to two China funds as regulations tighten(2)

CDC has committed $100 million to two China-focused funds – CDH China Fund III and CITIC Capital Partners’ maiden China fund.