James Taylor
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
The JC Flowers-led consortium trying to buy US lender SLM Corp for $26 billion threatened to pull its bid yesterday, knocking almost 10 percent off the share price, as US lawmakers proposed a bill to slash student loan subsidies.
The buyout firm’s $3.67 billion take-private bid for the UK eyecare business looks set to succeed, after its major trade rival pulled its higher bid following a bad-tempered exchange.
Richard Lambert, the head of the Confederation of British Industry, a trade body that has been attracting support from some of Europe’s large buyout firms, has criticised private equity’s public relations efforts.
CAM Private Equity, the German fund of funds manager that has been expanding its activities recently, plans to start diversifying in other alternative asset classes after gaining private bank Sal. Oppenheim as a majority shareholder.
The buyout firm has completed a lucrative exit from UK outdoor equipment retailer Mountain Warehouse, netting a six times return after a £15 million sale.
Richard Lambert, the head of the Confederation of British Industry, a trade body that has been attracting support from some of Europe’s large buyout firms, has criticised private equity’s public relations efforts.
The communications sector specialist has done yet another deal in the European cable TV and telecoms area with the acquisition of Melita Cable, a Maltese provider valued at about €170 million. It believes broadband migration, internet telephony and pay-TV services will provide the main growth opportunities.
CAM Private Equity, the German fund of funds manager that has been expanding its activities recently, plans to start diversifying in other alternative asset classes after gaining private bank Sal. Oppenheim as a majority shareholder.
Richard Lambert, the head of the Confederation of British Industry, a trade body that has been attracting support from some of Europe’s large buyout firms, has criticised private equity’s public relations efforts.