Private Equity
Bridges Ventures, a venture capital firm with a social mission, has closed its second fund on £75 million, almost double its first effort, after proving its cause to investors.
2 min read · 04 January 2013
Guy Hands, the outspoken chief executive of Terra Firma, has hit out once again in defence of private equity’s tax treatment, highlighting the taxes paid by his firm and arguing that any changes would only benefit continental Europe.
2 min read · 04 January 2013
Balderton Capital, the European venture firm that recently spun out of US group Benchmark Capital, has increased its stake in Codemasters, a UK-based video game develop, by buying out the company’s founders. The firm is simplifying the ownership structure ahead of a possible flotation.
2 min read · 04 January 2013
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
Last week’s acquisition of London-based web start-up Last.fm for $280m could herald a new era for UK internet companies. Dave Keating reports.
3 min read · 04 January 2013
US private equity firm Colony Capital has agreed to buy oil refining and distribution company Tamoil from the Libyan government for €4 billion. It is the biggest private equity deal to date for an African-owned company – trumping Bain Capital’s $3.5 billion buyout of Edgars in February.
2 min read · 04 January 2013
Alliance Boots pension scheme trustees have reached a settlement from Kohlberg Kravis Roberts which secures the scheme for the next ten years. The agreement comes two days before the trustees reportedly planned to challenge KKR’s accepted takeover bid.
1 min read · 04 January 2013
The property entrepreneur has doubled his stake in the grocer to 11 percent, prompting questions whether a takeover strategy may be in the works.
2 min read · 04 January 2013
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.
2 min read · 04 January 2013
Venture debt provider Kreos Capital has strengthened its senior team with the recruitment of Luca Colciago from Noble as a partner. The hire comes as the firm continues to invest its latest fund, which was closed in April and is being deployed at a rapid rate.
2 min read · 04 January 2013
