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
The investment arm of SVG Capital has closed its latest structured fund of funds €200 million ahead of target, while introducing innovation in the fund’s gearing.
2 min read · 12 January 2013
George Anson, HarbourVest’s managing director in Europe, has warned managers not to be complacent in the face of heightened interest in the asset class from regulators, legislators and unions.
3 min read · 12 January 2013
Pacific Equity Partners will not give up on Flight Centre, an Australian travel agency it failed to acquire via a public-to-private process just a few months ago. The Australian buyout firm is now offering to acquire a 30 percent interest in the company via a proposed joint venture structure.
2 min read · 12 January 2013
Taking advantage of the downturn in the sub-prime market, the Dallas-based private equity firm has acquired Accredited Home Lenders for $400m.
1 min read · 12 January 2013
New York-based hedge fund Highbridge Capital Management has reportedly hired former Goldman Sachs director Scott Kapnick to launch its private equity business. It is the latest example of the increasing convergence between the two asset classes.
2 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
The law of unintended consequences decapitates the Qantas board after the proposed $9 billion de-listing of Australia's national airline fails and forces its most vigorous proponent to quit.
5 min read · 12 January 2013
Nicholas Lockey, editor of PrivateEquityOnline.com, looks behind the headlines of the last four weeks on the web.
3 min read · 12 January 2013
Fifty finest..Continue 2007-06-01 Staff Writer <strong>STEPHEN SCHWARZMAN, BLACKSTONE GROUP</strong><br> Always bet on Blackstone. The firm has moved from success to success largely because its chairman and chief executive Stephen Schwarzman demands nothing less. The strong, early track re
5 min read · 12 January 2013
