The Bank of England’s monthly financial stability report has warned that the recent meltdown in the US sub-prime mortgage sector could be repeated in the UK, as leveraged lenders exploit the benign economic conditions to increase their risk-taking.
2 min read · 12 January 2013
Kohlberg Kravis Roberts co-founders Henry Kravis and George Roberts have argued that Japan is set to change its attitude to private equity over time, as investors demand better returns.
2 min read · 12 January 2013
The property arm of the New York-based hedge fund has filed documents for a $200m publicly traded REIT focused on investments in real estate debt.
1 min read · 12 January 2013
The Private Equity Foundation, the industry’s recently-launched charitable initiative, has hired Shaks Ghosh, the former head of homelessness charity Crisis, to be its first chief executive.
2 min read · 12 January 2013
TCW has joined forces with Swiss RE and Conning & Company to raise a private equity fund for clean energy investment. The fund will also receive backing from the United Nations.
1 min read · 12 January 2013
Buyout firm Texas Pacific Group has closed its South Korean office, soon after two rival firms ran into legal difficulties in the country amid a growing backlash against foreign investors.
1 min read · 12 January 2013
The International Monetary Fund’s doom-laden warnings about the potential damage to financial markets of a high-profile private equity deal collapse have only worsened the political storm currently surrounding the industry in Europe.
2 min read · 12 January 2013
Kohlberg Kravis Roberts’ £10.1 billion bid for Alliance Boots, potentially the largest European buyout to date, has become the latest deal to attract the ire of the UK-based GMB trade union, private equity’s most vociferous opponent.
2 min read · 12 January 2013
Australian bank Macquarie has criticised the Alinta board for recommending a rival bid led by Babcock & Brown.
1 min read · 12 January 2013
Merrill Lynch has joined forces with Pacific Equity Partners to make its first foray into the Australasian private equity market, with a $659 million offer for credit checking company Veda Advantage.
1 min read · 12 January 2013
