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 · 12 January 2013
Litorina Kapital has bought Securia Systems, a personal insurance and protection company that has enjoyed 90 percent sales growth over the last two years.
1 min read · 12 January 2013
Duke Street Capital and a consortium of other buyout firms has had its £260 million bid for UK retailer CI Traders accepted – soon after the company rejected a bid from Alchemy Partners.
1 min read · 12 January 2013
Central and eastern European buyout specialist Mid Europa Partners has acquired television and internet company Serbia Broadband from Bedminster Capital Management, in the country’s first leveraged buyout.
2 min read · 12 January 2013
As ratings agency Standard & Poor’s criticises covenant loose loans for being covenant-lite by the backdoor, a senior banker tells Toby Lewis cov-lite loans will become extinct.
4 min read · 12 January 2013
Alliance Boots chairman Sir Nigel Rudd thinks the UK Pensions Regulator should be allowed to decide the appropriate level of funding for the pension schemes of companies involved in buyout deals.
2 min read · 12 January 2013
Kohlberg Kravis Roberts is reportedly looking to join Blackstone as a listed company, while Apollo Management is also thought to be pursuing an offering
2 min read · 12 January 2013
In a report likely to catch the attention of the UK Parliament’s Treasury Select Committee investigating private equity, the Bank of England has highlighted the increased risk of systemic failure if a large buyout defaults.
1 min read · 12 January 2013
DIFC, the Dubai government-backed investment group which is a big investor in private equity, has launched a record-sized Islamic finance bond, with the majority of its investors coming from outside the MENA region.
2 min read · 12 January 2013
Seol-based Jong Won Lee and Yuchul Rhim have become managing directors at the Silicon Valley-headquartered H&QAP.
2 min read · 12 January 2013
