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

William O’Brien departs BATS

Stock exchange provides no reason for executive’s sudden exit

WH Group: third little piggy

Third time should be a charm for Sino-US pork producer

BBVA wins auction for Catalunya Banc

Madrid suffers loss on €1.2bn deal amid sector bullishness

Citigroup curbs Napier Park capital links

US bank has withdrawn proprietary capital invested in hedge fund

Cath Kidston sells stake to fund Asian push

Target of 100 shops selling designer’s chintzy prints eyed in China

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

KKR poised to acquire stake in The Hut

Consortium led by private equity group to pay £100m for 20%

Bets are on equities outperforming bonds

Investors should focus on how Shire takeover deal is financed

Son of Club Med founder backs Bonomi bid

Trigano to become chairman if Italian-led offer is accepted

James Christopher Flowers at the J.C. Flowers & Co. headquarters in New York
©Pascal Perich

JC Flowers: deals after the storm

The private equity investor is upbeat despite knocks during the global crisis

Flowers warns of banking crisis

Macropru is credit rationing repackaged

Central bankers are worrying about the effects of easy money

Private equity secondary market attracts growing interest

Institutional investors like ease of access and exit

De Vere launches sale of Village hotels chain

The sale of Village hotels chain will significantly reduce debt

Spire listing priced at low end of target

Private hospital group floats on difficult day for London market

The Paper Mill

Life after death for traditional boozer

Micropub model offers route to revival for venues

CVC to extract further $360m from F1

Buyout group eyes favourable debt markets

Cobalt Capital Partners seeking buyer

Latest in recent string of property deals

Blackstone attracts $62bn capital inflow

Pension funds and retail investors lift funds under management

For-profit schools: first, Corinthians

Learning might be big business, but the business of listed post-secondary schools is not so hot

Lady Sybil, Lady Mary and Lady Edith in ‘Downton Abbey’

British TV industry ‘abandoned’ by City

Production companies sold to US studios, and not floating at home

Commodity traders and asset ownership

Patterns are diverse and generalisations are misleading

Investors bet on equities to outperform

Level of fund managers overweight equities highest since 2011

Narrower discounts offset trust fee cuts

Manager fees come down, but so do discounts

An Orient-Express train: Frette supplied the luxury linensw

Change Capital to take over Frette

Private equity firm hopes to revive Italian luxury linens group

Morrison offloads Kiddicare to Endless

Ill-fated foray into baby and toddler goods comes to an end

Value of bankrupt EFH assets surges

Rising tide lifts expectations for creditor returns

Bank of Cyprus customers sell stakes

Depositors caught in bailout cash out at a discount

Quantum computing pioneer looks to IPO

Goldman-backed D-Wave Systems lays out ambitions after private placement

Fund deal flurry could be broader omen

Consolidation is driven by the burning need for survival

Oppenheimer Europe looks at advisory role

Revival in IPO market presents opportunities

Private equity: A fee too far

Regulators are probing conflicts of interest and high fees charged by fund managers to the companies they own

APG commits €250m to Aquila deal

Infrastructure is attracting interest from institutional investors

Reform can have unintended consequences

Impact of client commission rules is likely to hit small companies

Investors look beyond core property

Real estate still popular with managers despite looming rate rises

Pensions seek ‘sweet spot’ in alternatives

Investors want strategies to provide protection when markets turn

Lindt poised to acquire Russell Stover

$1.4bn chocolate deal would shake up US confectionery market

Chinese group buys PizzaExpress for £900m

Cinven chain latest example of Chinese appetite for assets

Make the most of it: a £15,000 open-ended Nisa

Ever-popular unit trusts and open-ended investment companies

Swann finds sweet spot at SSP

Chief rewarded for taking group through to its debut

Unilever sells Slim-Fast to Kainos Capital

Completes disposals of struggling US food units