Private Equity
At least three private equity firms are reportedly preparing bids for Foxtons, a UK estate agency valued at more than £400 million, as founder Jon Hunt prepares to sell his stake in the business.
1 min read · 03 January 2013
Veteran Apax manager Toby Wyles’s return to market with his own firm Vitruvian Partners is on track after holding a first close at the end of February on €424 million.
2 min read · 03 January 2013
The US buyout group has board approval to de-list ServiceMaster in one of the largest single-sponsor public to privates, although the three lending banks on the deal have each taken a small slice of equity.
2 min read · 03 January 2013
The UK trade body has launched a working group, to be chaired by City grandee Sir David Walker, which will look at how the industry can become more transparent. The initiative has been backed by most of the UK’s biggest buyout firms.
2 min read · 03 January 2013
3i has beaten heavyweight opposition to land its first deal in central and eastern Europe, and is aiming high after launching a new team dedicated to the region.
2 min read · 03 January 2013
VCTs have taken a lot of flack recently in the UK, but fund managers are going on the offensive to prove that despite changes to the tax scheme, they are still a safe bet. Dave Keating reports.
2 min read · 03 January 2013
In the wake of the recent controversy over private equity, the UK Treasury’s Select Committee is to conduct an enquiry into the industry. Both sides of the argument are likely to find support.
3 min read · 03 January 2013
European private equity firm Bridgepoint has made its second German investment of 2007 and has sold one of its portfolio companies.
1 min read · 03 January 2013
Former Apax partner Roger Hurwitz has joined Fidelity Ventures, which recently increased its current fund by $150m to better focus on growth equity deals.
1 min read · 03 January 2013
Mid market buyout firm Sovereign Capital Partners has sold insurer CMGL for £32 million.
1 min read · 03 January 2013
