Private Equity

After market turmoil left the industry reeling, buyout groups are coming back to life and looking at some of the biggest deals since the collapse of Lehman Brothers

Apollo pulls $400m Presidio bond offer

Power in the junk bond market shifts from issuers to buyers

Lone Star checks into Jurys Inn

US distressed-debt investor swoops on Irish/British hotel chain

Mustier leaves banking for private fund

Former UniCredit executive joins ‘shadow’ French debt specialist

Gold Fields House at Sydney's Circular Quay viewed from the railway station
©Gareth Edwards

Wanda earmarks $1bn for Australia site

Chinese developer snaps up landmark Sydney Harbour property

Andreessen to invest $58m in TransferWise

London start-up holds competitive bid process for backers

Special reports

A vendor arranges fruits at a market in Rio de Janeiro ©AFP

Dollar, won, yen, UBS, Asia, Swiss franc and Latin America

illustration of a private bank by Øivind Hovland ©Øivind Hovland

Switzerland, strategies, competition, crisis fallout, technology, emerging markets, recruitment, consolidation

A customer passes a sale sign as she enters a BHS store, operated by Arcadia Group, Derby, UK

Sir Philip Green puts BHS up for sale

‘Several approaches’ received for department store chain

Anne Stausboll, Chief Executive Officer, CalPERS...Anne Stausboll, Chief Executive Officer, CalPERS, talks about her roll in leading the California Public Employees' Retirement System (CalPERS), which manages the health and retirement benefits for 1.6 million California public employees and retirees, at her office in Sacramento, California, Tuesday, Jan. 13, 2015. Thor Swift for the Financial Times
©Thor Swift

Anne Stausboll, Calpers: the $300bn woman

The mighty US pension fund boss squeezing fund managers’ fees

The definition of an opaque asset class

Amid a flurry of deals, Sophia Grene considers whether private equity investment is worth the fees

P2P trust expands share issue

High charges don’t put off investors

Chart that tells a story — IPOs

IPO shares tend to do well on day one, but then underperform

DFS GEARS UP FOR CHRISTMAS. Picture shows DFS’s craftsmen and women hand making sofas as it responds to consumer demand for British design and craftsmanship in the run up to Christmas.

DFS close to seeking London IPO

Float would be first high-profile listing of a retailer this year

Chemring optimistic as losses widen

Military equipment maker says global market remains ‘subdued’

KKR buys thetrainline.com

Purchase from Exponent marks end to plan for £500m IPO

Chinese ‘set to snap up hotel assets’

Report says China seeks global role in hospitality real estate

©Winni Wintermeyer

Venture capital — venturing further

A rush of money has driven VC valuations up

Private equity sees profit in Brazil woes

Tight capital after Petrobras corruption scandal opens opportunities

Buffini steps down from Permira

Former chairman was the political face of European private equity

Start-ups and funders join space race

Investors are pouring into the private sector space race

IG: Swiss rolled

There is no such thing as low-risk involvement in financial markets

Calpers acts over private equity fees

California pension fund may struggle to drive down charges further

Calpers to cut private equity over cost

Largest US pension fund aims to drive down fees

Banks increase real estate loans sell-off

US private equity groups become the biggest buyers

Technicolor faces legal fight over votes

Feud with Vector Capital escalates with manipulation claims

TPG raises initial $5bn for latest fund

Fee discounts given to investors that committed large sums early

Jon Little

‘Multi-asset generalist is kiss of death’

Jon Little, founder of Northill, favours low-profile boutiques

Birmingham sells NEC to Lloyds

£307m deal for NEC and 3 other venues eases city’s financial woes

Las Vegas Caesars Palace

Caesars unit files for bankruptcy

Group’s owners battle with dissident creditors over restructuring

No Merchandising. Editorial Use Only Mandatory Credit: Photo by NILS JORGENSEN/REX (167637aa) Rowing Policemen ROWING POLICEMEN
©Nils Jorgensen/Rex

Shutterstock widens focus to snap up Rex

Stock photo provider moves into editorial images with acquisition

BlackRock income falls amid fund outflows

Asset manager suffers withdrawals from active equity funds

China to launch $6.5bn state venture fund

Beijing aims to seed companies in emerging industries

CVC plans $4.9bn Sunrise listing

IPO could value Swiss telecoms operator at SFr5bn

Egyptian medical group to list in London

Integrated Diagnostics Holdings is expected to raise about £200m

Investors eye prospects for Morrison role

Speculation mounting over which high flyers will bid for crown

S Korean cable TV group C&M up for sale

MBK leads consortium that hopes to benefit from competition

IPOs: floating away

An enticing menu, but the diners may be full

HSS Hire seeks £100m from London float

Equipment rental company plans to reduce debt

Helios raises record $1bn Africa fund

Size of capital raising signals growing interest in continent

Pharma group Redx aims for £80m listing

Liverpool biotech backed by City Link owner eyes Aim

Macquarie in talks to buy 100 aircraft

Australian group’s $4bn deal underlines appetite for booming Asia aviation market

Trainline float to include retail element

Rail ticket website will sell IPO shares to individual investors