Carlyle chief’s sudden exit is ’empire striking back’, say analysts August 9, 2022 The abrupt departure of Carlyle group chief Kewsong Lee may be a case of the “empire striking back”, analysts have suggested, as co-founder Bill Conway steps back in as interim chief executive.
Informa sells centuries old Lloyd’s List to private equity firm Montagu August 5, 2022 London private equity firm Montagu has struck a deal with publishing giant Informa to buy up shipping newsletter Lloyd’s List, one of the world’s oldest continuously running news journals. Montagu Private Equity, which manages €10bn (£8.4bn) worth of assets, has agreed to buy the centuries-old maritime news service from Informa, in a deal worth £385m. [...]
Rising star Dufrain gets City vote of confidence as private equity investor PEP checks in with fresh cash July 18, 2022 Data management and analytics firm Dufrain confirmed this morning it has agreed fresh funding from Phoenix Equity Partners, a private equity investor in medium-sized UK companies. The cash will be used to fuel the next stage of its growth as part of a management buyout, the firm said. Dufrain has so far delivered year-on-year revenue [...]
777 Partners vice president: ‘We want BBL to be next best rival to NBA’ July 13, 2022 Investment firm 777 Partners is determined to make the British Basketball League (BBL) the second biggest domestic league in the sport, behind the NBA. Since the US company’s acquisition of 45 per cent in the BBL last year, the league has seen record crowds and will have its first team – the London Lions, who [...]
Russian oligarch backed fund LetterOne files lawsuit against private equity firm that cut ties following war in Ukraine July 7, 2022 The Luxembourg headquartered investment fund founded by sanctioned Russian oligarchs Mikhail Fridman and Petr Aven has filed a lawsuit against the London private equity firm that manages $5bn (£4.2bn) of it’s money. Multi-billion-dollar investor LetterOne is taking legal action against Pamplona Capital Management, in calling on the private equity firm to open its books, after [...]
Advertiser Talon Outdoor bags cash injection from Equistone for dealmaking push July 7, 2022 Out-of-home advertising agency Talon Outdoor revealed it has secured backing from private equity outfit Equistone today as it readies to accelerate its investment into technology and kick off a dealmaking push.
Dealmaking drought set to continue amid recession fears June 26, 2022 A dealmaking drought is set to continue this year as firms batten down the hatches for a prolonged period of rampant inflation and stock market turbulence, analysts have warned.
Euromoney receives £1.6bn takeover offer from private equity firms June 20, 2022 The board of Euromoney Institutional Investor PLC confirmed today that Astorg Asset Management S.àr.l and Epiris LLP (the Consortium) approached it with a possible all-cash offer of £1.6bn at £14.61 per share. This is the fifth time Euromoney has been approached by the two private equity firms, following possible all-cash offers of £11.75, £12.50, £13.10 and [...]
EY to capitalise on booming private equity market via $1bn investment over the next four years June 8, 2022 EY today set out plans to capitalise on the $5trn private equity (PE) market, with a view to bolstering its PE offerings by investing $1bn (£800m) into its business over the next four years. The Big Four accountancy firm said it aims to solidify its “leading market position” by investing the $1bn sum into expanding [...]
Private equity firm set to finalise £200m deal to take over government contracts Amey Plc June 6, 2022 The London private equity firm that currently employs ex-Tory minister Philip Hammond is seeking to a finalise a deal to takeover one of Britain’s biggest civil engineering firms, Amey Plc. Buckthorn Partners, which took on Lord Hammond as a partner in 2020, has teamed up with US private equity firm One Equity Partners to buy [...]