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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

Transdev exits Jerusalem light rail plan

Campaigners claim victory but French group says move is strategic

A Tesco logo stands on display outside a Tesco supermarket
©Jason Alden/Bloomberg

Tesco’s Dunnhumby sets up Chinese venture

Data analysis business seeks growth ahead of planned sale

iZettle handout

Payments company iZettle raises €60m

Latest move by investors to back European fintech start-ups

Ironman: Wanda why?

Chinese billionaire is obviously in it for the long run

Old stock share certificates from 1950s-1970s
©iStock

Use of covenants wanes in debt markets

‘False bravado’ and investors’ lack of protection causes concern

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

Homeplus retail store, a joint venture between Tesco and South Korea's top conglomerate Samsung
©AFP Photo/Jung Yeon-Je

Tesco eyes $844m Homeplus dividend

Payout would lower sale price of retailer’s Korean business

Betty Power makes Wm Hill the wallflower

Proposed Paddy Power-Betfair deal caps a year of frenetic deal-doing by gambling groups

Private equity ‘secondaries’ evolve

It is becoming simpler to trade historically illiquid asset class

Paddy Power Betfair backs ‘a winner’

Man with form at both groups is tipped to maintain a strong lead

Uber: Chinese traffic jam

Ride-sharing company is taking its time to raise money in China

Cobalt exits Angolan fields for $1.8bn

Oil explorer is at the centre of a US corruption investigation

Investors look to fund CLO manager stakes

New rules put industry under pressure to raise more capital

Klaus Hommels

Tech investor Hommels raises €350m fund

Early backer of Skype and Facebook joins ranks of big VC groups

Africa private equity group raises $1.4bn

Record sum reflects search for higher returns in new markets

NEW YORK, NY - AUGUST 10: Traders work on the floor of the New York Stock Exchange during the afternoon of August 10, 2015 in New York City. The Dow Jones surged over 230 points after five days of losses. (Photo by Andrew Burton/Getty Images) *** BESTPIX ***

Investing: Whatever the weather?

The risk parity strategy pioneered by Ray Dalio and driving a $400bn industry faces a stiff test if the Fed raises rates

Market turmoil leaves tech sector exposed

Investors wary over companies valued on growth prospects

Aberdeen shares slump amid China worries

Short-term woes for fund manager turn into long-term concerns

©Tesco

Buyout teams spar over Tesco’s Korea arm

Three consortiums poised to submit final bids in £4bn auction

David Stevenson, MFT Byline.
©Charlie Bibby

China’s woes are overplayed — it’s an opportunity

Beijing will not allow growth to flag, boosting the rest of Asia

Mardan Palace Grand Opening - Turkey...0512C4MariahCareyT4Special Mariah Carey arrives for the opening party of the Mardan Palace hotel in Antalya, Turkey. PRESS ASSOCIATION Photo. Picture date: Saturday May 23, 2009. The luxury resort cost $1.4 billion to create and has the Mediterranean's largest swimming pool complete with Gondalas to sail guests around. There are 15 bars and 10 a la carte restaurants. Photo credit should read: Zak Hussein/PA Wire

Hollywood agency UTA moves into music

ValueAct’s Jeffrey Ubben helps fund purchase of The Agency Group

US investment weighs on Fat Face

Strong online sales offset autumn dip but earnings fall

QVC Screen grab cook's essentials 3.jpg

Tech IPOs: Zulily, too late

Poor showing for sector’s newly public companies will hurt private counterparts

Didi Kuaidi joins $350m GrabTaxi fundraising

Investment round also includes Chinese sovereign wealth fund and US firm

Airbnb targets booming China demand

Sharing-economy app forms partnerships as guest numbers soar

Cargill makes bet on farmed salmon sector

Agricultural trader buys EWOS of Norway for €1.35bn

quindell

Quindell’s chief executor

New boss Indro Mukerjee may need to call on past experience

Chancellor, George Osborne, leaves Downing street to deliver the budget today.
©Charlie Bibby/FT

Experts warn on small business funding

Reforms to venture capital trust rules threaten to cut market

Albert Dock, Liverpool, Museum Of Liverpool, Commercial Dock, Royal Liver Building, City, Skyline, River
©istock

Equistone moves into pension advice

Former Barclays buyout group takes majority stake in Wealth at Work

Ingram Pinn illustration

Alphabet can create a clever conglomerate

Big companies outperform when they exploit their advantages

Industrivärden appoints new CEO after jet scandal

Helena Stjernholm to join from private equity group IK Investment Partners

FIS buys SunGard for $9.1bn from ‘club’

Private equity owners struggled to boost value of software group

Bids to be slashed for Tesco’s data unit

Lower earnings mean division is set to fetch about £700m not £2bn

Houlihan Lokey: in fairness

Not every banker needs to chase blockbuster deals

Carlyle buys Symantec’s Veritas for $8bn

Purchase is largest private equity technology takeover this year

Exercise: annuities offer a regular income, but healthy people may lose out
©Chris Batson

Annuities deal amid an impaired market

Companies try to compete in a business that has had the roof blown off it by the chancellor

BT pension fund bets £1bn on PE

Hermes PE arm handed funds to target joint investments

Apis emerging markets fund raises $150m

Strong backing for private equity group’s inaugural fund

Buffett closes in on his biggest deal

Precision Castparts bid could cost Berkshire $30bn

Creditors near taking control at Oncor

Restructuring plan would inject up to $7bn of equity into utility

The week: August 10

India’s state pension fund will invest just Rs50bn in equities

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