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

Warburg and General Atlantic in Gulf deal

Private equity looks to profit from Middle East shift from cash

Private debt faces credit ruction test

Risk of lending standards falling as investors rush in

Sales fall at Philip Green’s Arcadia

Underlying sales fell 2.3% in past 10 weeks

US private equity targets Premier League

Fast-rising income and cost control have generated irresistible financial rewards

Oando service station

Investors detect hidden gems for private equity

Size of deals is steadily increasing as investors bet on long-term growth

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

CKI/PAH: overpowered

There are other ways to address the overlap between two companies from the empire of Li Ka-shing

Calpers’ PE performance fees hit $3.4bn

US pension plan has reaped $24bn profits since PE scheme started

MPs to probe sale of Northern Rock loans

Cerberus £13bn asset purchase under scrutiny

How to cash in on convertibles demand

Strong investor appetite allowed Vodafone to issue no-coupon bond

Four Seasons losses widen as costs rise

UK’s biggest care home operator says it cash for “medium-term”

ArcelorMittal: the harder they fall

Debt weighs heavily on Netherlands-listed steel giant

Warburg raises $12bn fund in six months

Speed highlights how big name managers are prospering

Credit repricing challenges dealmakers

Investors are pulling back from risky debt and loans

Wall St braces for leveraged deal losses

Investor unease showed when Altice had to downsize debt offering

Transcript: FT City Network

Should backstop liquidity facilities be extended beyond banks?

Reasons to worry as Fed rate rise looms

Sales growth is slowing while debt levels and defaults rise

Countryside enjoys strong profit growth

UK housebuilder reports 93 per cent boost in earnings

Billionaire owner of Louis Dreyfus open to bigger stake

Margarita Louis-Dreyfus “fully prepared” to top up holding


Astia and Grosvenor Estate back Ozopure

Oxfordshire start-up uses salt and water to make disinfectants

British Business Bank backs creative push

£40m buyout drive is first government-backed fund for sector

Start-up Ebury lands $83m in funding

One of Europe’s best-funded fintech groups readies for US push

Underwriters delay Veritas debt package

Carlyle’s $8bn data storage deal would be largest LBO of 2015

Investing in London’s rising skyline

Commercial property investment syndicates cash in on building boom

Amazon launches platform for UK start-ups

Launchpad to help technology groups sell and market products

Irish SWF dumps asset managers

Sovereign wealth fund will focus on bolstering domestic economy

Northern Rock loans switch sparks concern

Worry over treatment of borrowers moved to Cerberus

Marrying patriotism and philanthropy

Carlyle founder says the wealthy should help preserve US history

Software reseller Softcat in £153m IPO

Flotation adds to streak of listings of UK technology firms

3i signals caution over new buyouts

Private equity group says macro environment has ‘deteriorated’

©Companies; Dreamstime

Technology: Unicorns face end of ‘steroid era’

Silicon Valley valuations may be seen as ‘marketing numbers’ in the face of the reality of an IPO

Social care: profit pains

Sector remains a fragmented market, but care group Korian has found ways to salve the wounds

China Postal attracts pre-IPO backers

2016 listing plan suggests confidence that market has stabilised


Nyrstar: pennies from heaven

Mining has not added value to Nyrstar; its strategy had to change

Gym Group: pumped up

Low-cost operators are driving most growth in the fitness industry and punching above their weight


Barclays to spur technology start-ups

50 senior managers to focus on high-growth companies

Fast-moving ArchiMed wraps up fourth deal

Group’s activity shows investor confidence in newcomers

Coal in crisis as energy sector stumbles

Three coal companies have filed for bankruptcy in six months

Lonmin to raise cash at 94% discount

Miner warns it could run out of capital if fundraising fails

Santos raises A$3.5bn to ward off bidders

Measures include equity raising and sale of gasfield stake

Buffett’s Berkshire reports record profit

Kraft-Heinz merger gain boosts earnings above analysts’ forecasts