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

Alibaba talks could price Snapchat at $10bn

Wide valuations after speculative discussions on stake

Carlyle profits up 92% amid sell-offs

Private equity house narrowly misses expectations

Ecommerce site Flipkart raises $1bn

Indian online retailer to use funds to focus on mobile users

City ignores Russian capacity for hardship at its peril

Glasnost that fosters business ties is expiring amid the wreckage

Cropped illustration by Richard Allen of a couple having dinner in a restaurant
©Richard Allen

Darden: Olive Garden branch?

Long-time CEO goes, but activists now need to come up with a new plan quickly

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

Electra rejects Bramson’s board seat call

Trust shuns activist manager’s request to lead strategy review

Bank of Cyprus raises €1bn in share sale

Wilbur Ross and EBRD to take part in fundraising

Sankaty pays $1bn for JPMorgan debt

Investment firms seek access to Asian corporate debt

Joe Giannamore

AnaCap: The dark horse of finance

Joe Giannamore says his company’s idiosyncrasy is key to success

RBS chief executive Ross McEwan
©Rosie Hallam/FT

RBS chief optimistic on Ulster Bank

Ross McEwan exploring opportunities for Irish subsidiary

KKR steps up in-house investments

Buyout group’s quarterly earnings misses expectations

5.11 Tactical owner gunning for IPO

Owner eyes sale or listing of police uniform and weapons maker

Unipart Automotive goes into administration

Car parts supplier fails weeks after securing rescue deal

Martin Currie bought by Legg Mason of US

Marks end of over 130 years as privately owned fund boutique

Food M&A: tasty morsels

Philippines deal shows acquisition fever unlikely to abate

New CVC fund targets technology companies

Buyout group approaches investors to raise $750m

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

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