James Taylor
The Bank of Scotland has recruited private equity industry veteran Paul Brooks as a non-executive director to advise its integrated finance team.
A newspaper study of 30 recent large buyouts in the UK has revealed that the companies involved have actually increased staff numbers by 25 percent under private equity ownership, contrary to recent trade union claims.
US diplomat Jack Rosen has joined the advisory board of Altimo, a London-based group that specialises in telecoms investments in emerging markets.
US buyout firm Kohlberg Kravis Roberts has signed yet another mega-deal, agreeing to pay $29 billion for First Data, a US listed electronic payments business. It has now signed up to over $100 billion of deals in a matter of weeks.
Shares in Kingfisher soared today after reports that Goldman Sachs’s private equity arm is considering a bid for the company.
Texas Pacific Group is reportedly considering a €3.4 billion bid for Iberia, Spain’s largest airline, as its bid for Australia-based Qantas continues to flounder.
Warburg Pincus’ Oslo flotation of emgs, a Norwegian seabed exploration company, has met with an enthusiastic response from the market.
Intermediate Capital has closed its fourth mezzanine fund with €2.25 billion of firepower - the biggest ever raised in Europe. The fund will invest in mezzanine and senior debt, and could also be used for equity co-investments.
Buyout firms Cognetas and Sagard have triumphed in the race to buy Desjonquères, the bottle-making division of French group Saint-Gobain.
The UK retailer will open its books to Kohlberg Kravis Roberts, after the buyout firm increased its bid to £10.40 per share or £10.1 billion.