Private Equity
As the private equity industry prepares to face its critics today, some industry observers are warning that the substantial tax breaks enjoyed by practitioners on their carried interest could be their Achilles heel.
2 min read · 04 January 2013
Apax has sold its entire 21 percent stake in Spanish carrier Vueling Airlines, via a private placement run by Goldman Sachs. The sale has fuelled speculation that it will use the proceeds to finance a bid for Iberia, the Spanish airline currently being targeted by a TPG-led consortium.
2 min read · 04 January 2013
City of London veteran Paul Myners has given UK private equity a boost by telling the Treasury Select Committee not to recommend further regulation of the industry. However, he took a less sympathetic view of practitioners’ current tax treatment.
4 min read · 04 January 2013
Global buyout firm The Carlyle Group has floated Transics, a European IT business, on Euronext Brussels. The flotation, which raised €46 million, is the first major exit for the firm’s €222m Europe Technology Partners fund.
1 min read · 04 January 2013
HM Capital became the latest in a slew of private equity firms to invest in distributors of yellow pages directories, when it announced an agreement to acquire Phone Directories Company. The investment is the first from HM’s new Sector Performance Fund.
2 min read · 04 January 2013
Bruce Roe, one of the original members of Doughty Hanson, is reportedly suing the UK-based buyout firm and its two founders because he believes accountant Price Waterhouse Coopers has undervalued his shares by £95 million.
2 min read · 04 January 2013
UK buyout firm 3i and Swedish buyout firm Litorina Kapital have sold Q-Matic to Nordic buyout firm Altor, making a nine times return on their initial investment and registering a 150 percent IRR over three years.
1 min read · 04 January 2013
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.
3 min read · 04 January 2013
Global buyout firm The Carlyle Group has floated Transics, a European IT business, on Euronext Brussels. The flotation, which raised €46 million, is the first major exit for the firm’s €222m Europe Technology Partners fund.
1 min read · 04 January 2013
European venture capital firm Esprit Capital Partners has hired Cédric Latessa as investment manager as it looks to bolster its investment team.
1 min read · 04 January 2013
