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

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UK property trusts suffer steep fall

Low oil prices and emerging market weakness curb investment

Apollo Education: getting schooled

The cash-rich company could lead to an A-plus financial return

Apollo Education to go private for $1.1bn

Buyout groups scrutinising for-profit education sector

Water pipes

PE firm looks to Europe for green deals

Ambienta says region offers world-leading products

Private equity pressed to buy own stock

Executives frustrated as market fall could offer rich pickings

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

The week: February 8

European regulator publishes results ‘closet-indexing’ probe

Rebus collapse increases protection calls

Investors left counting a heavy cost

British MEP worries about bank bailouts

Syed Kamall warns securitisation ‘comes with health warnings’

Beijing buys German waste-to-energy group

Deal underlines China’s growing interest in European technology

Asia struggles with poor margin discipline

Sales growth focus blurs hard truth about earnings

Private equity muscles into UK home loans

Securitisation crucial to matching loans for non-bank lenders

Clydesdale & Yorkshire gains on debut

Chief bullish on Australian investors following demerger

Apollo launches $250m share buyback

Choppy markets cut valuation of private equity group’s portfolio

Designs from Tommy Hilfiger ss16

PVH buys out Tommy Hilfiger China partner

Owner of fashion label says brands not hit by country’s slowdown

African private equity investment slides

Commodity-induced slowdown hurts activity but fundraising jumps

Keith Morgan, chief executive of the British Business Bank, said: “While there are encouraging signs that volumes are up and alternative finance markets are thriving, there remain areas that still require attention.”

UK boosted by SME lending growth

Areas outside south-east remain starved of equity finance

A worker sits on a pile of steel bars at a small factory producing steel beams next to a construction site in Beijing August 1, 2013.
©Kim Kyung-Hoon/Reuters

EM slowdown hurts passive funds

Fund managers prove unwilling to close lossmaking exchange traded funds

Blackstone: money, meet mouth

A cheap asset Steve Schwarzman’s group won’t buy

Blackstone profits hit by market turmoil

Firm also takes advantage of prices with big deals in quarter

Crude price volatility: oil together now

Markets seethe with interesting, logical, yet spurious correlations

PayPal: Icahn money transfer

It is hard to see strong profits, or a bidding war, for the payments company

AIG to return $25bn after activist siege

Insurer’s plan falls short of demands by Icahn and Paulson

American Apparel: Frayed bonds

Other stakeholders have reason to thank Dov Charney

China sets equity-raising pace

Europe and US fall behind as regulatory process fuels deal spurt

Protectionism at play in Sharp takeover

At stake is the truth about Japan Inc’s openness to foreign businesses

Philips on track with lighting spin-off

Plans to restructure group hit by failure of LED transaction

No knockout blow in Brexit debate

Latest tussle over Brussels shows weak economic claims by both sides

Fairline Targa 58 Gran Turismo illustation

Fairline yachts sold to Russian investors

Boat builder bought out of administration saving 100 jobs

Activist advances in Electra shake-up

Private equity group to review approach to investments

Edward Bramson of Sherborne, left, and Roger Yates of Electra, right.

Electra to review strategy and structure

Move follows campaign by activist investor Edward Bramson

Unicorns point out financing flaws

When numbers are basically plucked from the air, they can reflect insanely optimistic projections, writes Jonathan Ford

European finance sees gradual rise in female directors

Report points to big disparity in representation across sectors

Airbnb targets Chinese tourists

Accommodation-rental website hopes to tap into $120bn market

Geunjeongmun Gate in Geunjeongmun palce in Seoul, South Korea

The week: January 25

New head of South Korean SWF promises a radical overhaul

Philips unit sale collapses on US concerns

Deal was part of Dutch group’s efforts to focus on healthcare

KKR in China distressed debt venture

Partnership will help private equity group source credit deals


Asian brewers step up in SAB beers race

Asahi and Thai Beverage in next round for €2.5bn auction

Time looks ripe for European CLOs

Region’s market helped as US remains shut amid credit sell-off

LBO finance: a painful truth

Carlyle’s lowering of Veritas price recalls 2007 credit freeze

Symantec agrees cut-price sale of Veritas

Companies renegotiate terms of last year’s biggest leveraged buyout