James Taylor

Paul Myners, one of the most respected names in the City of London, has defended his criticisms of private equity to PEO, after he had previously highlighted the risks to pension funds.

As expected, Apollo Management has submitted a £1 billion proposal to buy UK estate agency Countrywide, although some shareholders are likely to be disappointed with the 590p-per-share on offer.

Falling return expectations could limit the number of attempted public-to-private deals in 2007, according to a new report.

3i’s listed infrastructure fund, which will float in March, hopes to raise up to £1.3 billion to invest in infrastructure assets in Europe, the US and India.

Charlie McCreevy, the European Union’s internal market commissioner, has leapt to the defence of the private equity and hedge fund industries, while criticising their public relations efforts.

EMI, the struggling music group previously targeted by buyout firm Permira, confirmed this morning that rival Warner Music has made a fresh approach to buy the business, as the company again finds itself the target of bid speculation.

Andrew Beaton and David Smith, the two founding partners of independent firm Glenalta Capital, have joined Capital Dynamics as the Swiss asset manager looks to strengthen its co-investment offering.

Capvis Equity Partners, a Swiss buyout firm, is looking to capitalise on a strong year of deal-making by raising a new €500 million fund.

Paul Myners, one of the most respected names in the City of London, has defended his criticisms of private equity to PEO, after he had previously highlighted the risks to pension funds.

As expected, Apollo Management has submitted a £1 billion proposal to buy UK estate agency Countrywide, although some shareholders are likely to be disappointed with the 590p-per-share on offer.