Fund management consolidation to increase say private equity executives September 18, 2018 Fund management consolidation is set to increase as firms attempt to grow their asset base in order to compete for deals, according to a survey of top private equity executives. Heavy competition for deals is pushing private equity firms to build scale by merging with other firms, which allows companies to reduce costs and expand [...]
Corporate advisory firm Moorgate Capital in court battle with private equity fund HIG European Capital Partners September 16, 2018 Corporate advisory firm Moorgate Capital and private equity fund HIG European Capital Partners are locked in a court battle over an alleged unpaid £1m fee. Moorgate alleges that HIG had promised to pay Moorgate £1m in the event it acquired printing firm Bezier, which HIG did in 2011. Read more: Lloyds Bank private equity arm [...]
City’s elite Magic Circle law firms under pressure from expansion of US entrants September 16, 2018 "The likes of Cazenove were great UK banks, seemingly unassailable on the world stage, but slowly and surely every single one was taken over, they all fell to the might of the US banks,” says White & Case corporate partner Guy Potel, “and it might be that something similar is happening in the legal industry.” The reshaping [...]
Carlyle Group to buy insurance service Sedgwick for £5.1bn September 12, 2018 Private equity firm The Carlyle Group has acquired US insurance claims service provider Sedgwick for $6.7bn (£5.1bn). Current majority shareholder KKR will exit the group and Stone Point Capital, CDPQ and Sedgwick management will remain minority shareholders when the deal coses later this year. Read more: Plastic packaging giant RPC confirms buyout talks with Apollo and Bain [...]
Private equity gets boost from small Brit firms August 31, 2015 PRIVATE equity investment into UK small and medium sized firms hit a two year high in the first half of 2015, according to figures, underscoring the insulation small British outfits enjoy from global headwinds. Turmoil in the Eurozone sparked by the Greek debt crisis and ongoing fears over a slowdown in China have hit larger [...]
Private equity firm Agilitas snaps up Danish firm MH Group June 22, 2015 Private equity firm Agilitas has added to its portfolio of recycling companies by backing a management buyout of Danish firm MH Group. The UK-headquartered firm will back current MH boss Christian Rindbol by acquiring the financial interests of Michael Henriksen Holdings. MH was founded by Michael Henriksen in 1997, but he died last year. MH [...]
Bob Diamond’s Atlas Mara sells stake in Zimbabwe private equity firm Brainworks Capital Management June 17, 2015 Atlas Mara, the Africa-focused financial services group owned by former Barclays chief executive Bob Diamond, has sold its 10.1 per cent stake in Brainworks Capital Management, which describes itself as "Zimbabwe's pre-eminent private equity investment and advisory firm". Read more: Why would Bob Diamond want to buy a bank in Rwanda anyway? The deal netted [...]
Private equity firm TPG to move offices to Mayfair’s Park House June 16, 2015 Private equity firm TPG has signed a deal to relocate its European headquarters to a new development opposite Selfridges department store on Oxford Street. The US-based firm, which is currently based at 5-7 Carlton Gardens in London’s St James, has agreed to take the entire fifth floor of Park House on a 15-year lease, the [...]
Tesco’s Dunnhumby has another suitor as Hellman & Friedman join WPP, Nielsen and several private equity firms June 7, 2015 Yet another company has joined the clamor for a slice of Tesco's data business which was behind the supermarket's hugely successful Clubcard loyalty scheme. Hellman & Friedman, the US private equity firm, is the latest bidder said to be interested in Dunnhumby, joining a crowded line-up of potential buyers willing to splash out as much as [...]
Flying off the scale: Fever-Tree’s Tim Warrillow talks malaria, crane strikes and private equity May 25, 2015 We're seeing a renaissance; it’s incredibly exciting. People are better educated and the market is growing and growing – and quite right too, it’s a great English invention.” Tim Warrillow is talking about the gin and tonic – something the co-founder of maverick drinks company Fever-Tree knows a fair bit about. The gin and [...]