Western Europe

Hollick warns government; Cohen calls for tax increase(3)

Two of the UK industry’s heavyweights have spoken out ahead of the UK parliamentary hearing today. KKR’s Lord Hollick called on the government to reduce tax, while Sir Ronald Cohen said the capital gains tax should increase on carry on funds above £500m.

Pan-African boom

As private equity in the MENA region shows spectacular signs of health, could the rest of the continent also experience a private equity boom? Toby Lewis reports.

Cracks appear as BVCA comes under fire(2)

As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.

Buyout execs escape committee’s ire(2)

After last week’s mauling, the private equity industry gave a solid account of itself at the latest evidence session of the UK Parliament’s investigation, welcoming the Treasury’s review of the tax regime, but warning of consequences if the UK became less competitive.

Union boss sees wife elected Labour deputy leader

Harriet Harman, the wife of trade union boss Jack Dromey, has been elected deputy leader of the UK Labour Party, just days after her husband led the criticism of the private equity industry at a government enquiry.

BP pension fund hires private equity specialist(3)

Energy giant BP has created a new position to oversee its pension fund’s private equity investments. Ex-BA trustee Vicky Wilson will form part of a new-look team at the head of the $27 billion fund.

IR trade body to launch this summer(3)

Private equity’s investor relations professionals will have their own UK trade body from this summer. The launch of PEIRA, which will focus primarily on training and networking, comes as the industry faces increasing pressure to improve its public image.

Buyout firms circle £1.5bn Bupa hospital portfolio(3)

A range of private equity firms have expressed interest in UK healthcare business Bupa’s hospital portfolio. The healthcare business is believed to be selling because of regulatory concerns that its hospital business is a conflict of interest with its insurance arm.

Cracks appear as BVCA comes under fire

As the BVCA comes in for sustained criticism for its handling of yesterday’s Treasury Select Committee hearing, many in the industry – including its own chairman – are suggesting that it cannot continue in its current form.

3i raises £400 million for public equities(2)

3i has completed the fundraising for its latest vehicle, which will buy minority and majority stakes in public companies and apply private equity techniques.