A trade union-sponsored study has slammed the evidence cited in support of private equity’s record on job creation, one of the industry’s most commonly-used defences against accusations of asset-stripping. However, the BVCA has hit back at the claims.
2 min read · 12 January 2013
Nick Ferguson, chairman of UK private equity investor SVG Capital, has reportedly hit out at the tax relief on carried interest enjoyed by UK buyout executives, and also criticised banks over the increasing use of ‘covenant-lite’ loans.
2 min read · 12 January 2013
Weil, Gotshal & Manges offers a jurisdiction by jurisdiction review of key aspects of Asian insolvency laws currently in place, and some noteworthy changes on the way.
10 min read · 12 January 2013
Distressed investors in China and Japan can rarely rely on formal control to improve the fortunes of their targets. Successful workouts require a blend of local talent, rigorous due diligence and above all, a healthy dose of diplomacy. Rob Kotecki reports.
9 min read · 12 January 2013
Under the leadership of Jonathan Russell, 3i's under-performing buyout division has been transformed into a leading mid-market investor. But how will Russell be able to maintain this momentum in the face of fierce competition and mounting external scrutiny? James Taylor met him in London in May to find out.
10 min read · 12 January 2013
George Anson, the head of HarbourVest in Europe, has warned private equity firms against complacency and excessive leverage.
5 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
Following a tax policy change, many Canadian income trusts are exploring sales to private equity firms. Actual deal activity may not live up to expectations. Rob Kotecki reports.
6 min read · 12 January 2013
With default rates in the US at historic lows, financial sponsors of leveraged buyouts, as well as the providers of that leverage, are feeling confident about the future. But are seeds of destruction being sown amid the optimism? By Wanching Leong.
6 min read · 12 January 2013
Private equity firms are facing unprecedented scrutiny when it comes to transparency and disclosure. Ratings agencies may be able to ease the pressure, argues Paul Watters.
6 min read · 12 January 2013
