Nicholas Donato

Supermarket mogul Sir Terry Leahy is to join fellow corporate heavyweights Jack Welch and AG Lafley in advising buyout firm Clayton Dubilier & Rice.

While performance-based carried interest will be paid out to even the worst-performing funds which invested in the run-up to the industry's golden era, those raised during the boom may fail to pay any carry at all, new research shows.

US buyout group Apollo has agreed to pay about $509m in cash to de-list the parent company of popular talent show ‘American Idol’.

A bill sponsored by Republican Robert Hunt to free private equity firms from the watchful eye of the US SEC has passed its first legal hurdle.

Seasoned Africa investor Andrew Brown will oversee Emerging Capital Partners’ record-setting $613m Africa-focused fund as its first-ever chief investment officer.

Mid-market player Blackford Capital is moving shop from California to Grand Rapids, Michigan to expand the firm’s footprint in the Midwest.

The two boards responsible for US and international accounting standards have stripped away major differences in areas such as fair value reporting and consolidated financial statements, with guidance expected in the coming weeks.

Some GPs aren’t doing everything in their power to minimise portfolio companies’ tax bills and exposure to tax risk, warns PwC tax partner Barry Murphy.

The international law firm hired private equity lawyer Jeff Legault from rival practice Cadwalader, Wickersham & Taft.

Contrary to critics’ claims that private equity houses mislead investors by overvaluing their assets, GPs are if anything ‘too conservative’, according to research from trade body the BVCA.