Toby Lewis
CVC Capital Partners, the global buyout firm, is consulting investors for its latest fundraising effort while its chairman Michael Smith has reportedly said limited partners as long-term investors are not driven by short-term problems.
The UK City Minister has said she is inviting the Chinese government’s sovereign fund to London. The funds continue on a path towards respectability after Sir David Walker persuaded the Qatar Investment Authority to sign up to his proposals on disclosure and transparency.
The listed trust of the UK buyout firm has recruited diplomat Lord Jay of Ewelme as a non-executive director a week after the firm bought the politically sensitive Dutch business Stork.
The global investment firm has done its second European deal this week, buying a stake in NetCentrum, shortly after its stellar exit from Loyalty Management Group.
Differences remain between European and US investors, according to the latest research. The former also backed the re-emergence of European venture as opposed to their circumspect peers in the US.
Providence Equity Partners has made the largest Western private equity investment in the Ukraine, buying a substantial stake in Volia Cable from SigmaBleyzer.
The global private equity firm has sold Loyalty Management Group after backing the company five years ago when it had no revenues. The company recently won an appeal allowing it to reclaim tax in the UK on its loyalty schemes.
The UK mid-market firm is looking to roll out 7city Group’s business internationally and to increase its product range after backing a management buyout.
The Flowers consortium is offering to pay back more of the UK Bank of England’s loan than the Virgin/WL Ross consortium’s bid preferred by Northern Rock’s board. UK Chancellor Alistair Darling is reportedly encouraging rival bids.
A document published before the accounts released today showed Stefano Pessina, Boots’ executive chairman and the manager at the centre of Kohlberg Kravis Roberts’ take-private, would reap £600 million from the delisting.