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

Shadow financing ‘threatens US bank profits’

US financials may lose 7% of earnings, warns Goldman

Punch Taverns appoints chief executive

Food retailer Garrood to join pub operator by June

NXP_LPC32x0.jpg semiconductors

NXP/Freescale: tandem cycle

Owning a cyclical company with a debt ratio above three is a bet the cycle is not about to turn

Clear Channel Outdoor splits operations

Advertising group to run US and international units separately

NXP_LPC32x0.jpg semiconductors

Chipmaker NXP to buy Freescale

Dutch group to pay $11bn for US rival

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

Wood Mackenzie seeks £2bn listing

Energy consultancy valuation adds to pressure on bidders

Gabelli’s Gamco eyes private equity

New York fund house may spin off business line

WoodMac considers £1.6bn takeover bids

Buyout group Hellman & Friedman exploring exit options

Lord Browne
©Rosie Hallam/FT

Browne makes dealmaking comeback

Ex-BP man joins $10bn venture with Russian billionaire Fridman

The 60,000 ton bulk ore carrier MV Irenes Vigor is loaded at the Port of Geraldton in February 2006 in a photo released by Midwest Corp. to the media on Wednesday, Oct. 10, 2007. Murchison Metals Ltd., the best-performer on the benchmark Australian index, bid as much as A$986 million ($887 million) in stock to buy Midwest Corp. and secure the right to build a port needed for its iron ore project. Source: Midwest Corp. via Bloomberg News

The shipping news for Wall Street

It is near impossible to Americanise the dry bulk world, finds John Dizard

Week in Review

Week in Review, February 28

Google shake-up in Europe; Silicon Valley discrimination and Honda also in the news

UK stock market indices

Chart that tells a story — the FTSE since 1999

The ups, but mostly downs, of UK blue-chips

C287FX Solar panels being installed on a house roof, Britain, UK. Image shot 2011. Exact date unknown.
©Jack Sullivan/Alamy

Returns from renewables

From solar panels on your roof to investment trusts

Petropavlovsk’s restructuring approved

Miner to proceed with deeply discounted $235m rights issue

Record fundraising by India tech’s sector

Investors hope start-ups will mimic success of Chinese groups

Picture shows Jawid Hussain President of ACCROL Papers Ltd, centre left, with his sons Wajid, left, Mozam, right, and Majid, Blackburn, England, Wednesday Nov. 2, 2011.
©Jon Super

Regional growth lures ‘big four’ out of London

Accountancy firms and recruiters eagerly descend on Britain’s small businesses

Wizz Air shares rise after delayed IPO

Budget airline’s offering benefits from improved market sentiment

Agnellis to sell Cushman & Wakefield

Move prompts speculation about possible acquisitions

‘Dangerous time’ for European private equity

Buyout executives say there is too much money chasing too few assets

Chief offers explanation for Swiss account

Gulliver says no tax benefit to Panamanian structure

01/12/14. 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. The company’s three UK-based upholstery factories and two wood mills will see output increase by 25% and the number of pieces to increase to 53,000 over the festive season. The increase in output will also see them complete in excess of 700,000 quality control checks as each sofa will receive 14 individual checks. DFS’ team of craftsmen and women will hand make over 53,000 pieces of upholstered furniture in the company’s three UK based upholstery factories in Derbyshire, Nottinghamshire and Yorkshire and two wood mills in the run up to Christmas CREDIT: DANIEL LYNCH. 07941 594 556. www.lynchpix.co.uk

DFS sets price range for flotation

Soft furnishings retailer’s IPO plans hit by weakening demand

Europe’s growth hampered by lack of capital

Survey cites fragmented nature of markets and lack of equity finance

Abraaj takes stake inTurkish ecommerce

Dubai-based buyout group invests $100m in Hepsiburada

Boardroom trades February 21

Latest directors’ deals at Indivior, Poundland, Wandisco and Marks and Spencer

Rise in wealthy women

Number of women with income of over £1m up by 29% year on year

Chesapeake fortunes bound to McClendon

Shale pioneer faces legal battle over receiving ‘trade secrets’

FTSE 100 nears record territory

Benchmark eyes 6,950.6 record set in 1999

SUVs are how the new elite rolls

In yielding to modernity Rolls has acknowledged SUV’s triumph as a prestige car category

Battle for Energy Future carcass heats up

Creditors focus on profits from sale of regulated utility unit

Aldermore denies takeover talks with TSB

Challenger bank sets sight on float as it carves out lending niche

01 Nov 2013, Beijing, China --- --FILE--Visitors walk past the stand of Anbang Insurance Group at an expo in Beijing, China, 1 November 2013. Anbang Insurance Group Co, the Chinese insurer that has bought New York's famed Waldorf Astoria hotel, has increased its stake in China Minsheng Banking Corp Ltd to become the biggest shareholder of the country's largest private lender. Anbang has been on a buying spree this year that started with its purchase of the Waldorf in October for $1.95 billion. It now owns about 3.1 billion Minsheng shares, through four different subsidiaries, and controls 10 percent of the bank, Minsheng said in a filing to the Shanghai Stock Exchange late Thursday (18 December 2014). Anbang held 1.7 billion shares as of November 28, according to an earlier securities filing by Minsheng. --- Image by © Imaginechina/Corbis

China’s Anbang snaps up Tongyang for $1bn

First buy of S Korean financial company by mainland China group

Brit in detailed talks with buyer

Private equity owners set to cash in with £1bn-plus sale

Solar power in Egypt

Actis to set up Africa renewable business

Joint venture with wind and solar developer

Crowd funding: biotechs look to gain

Stem cell and Parkinson’s disease research benefits

Saeta Yield IPO buoyed by positive mood

ACS spin-off, Europe’s first yieldco, rise after flotation

Aldermore and Shawbrook race to list first

Competition to list intensifies as banks vie for investors’ cash

Investors double smart-beta exposure

Towers Watson clients invested $40bn in the strategy in 2014

Private equity: Future Fund backs Calpers

Future Fund backs Calpers’ decision to slash number of managers

Time to say buy buy from Mining Indaba

Event turnout fell but parting shot was one of optimism

Ride-hailing app Lyft eyes $2bn valuation

Challenger to Uber seeks $250m from fundraising round