April 2016 Issue

The feeding frenzy in Britain's restaurant sector may be coming to an end.

ECI Partners transformed the culture at employment law and health and safety solutions business Citation to triple EBITDA and deliver an impressive return.

CIO Michael Trotsky and director of private equity Michael Bailey explain how PRIM intends to remain one of the best performing private equity programmes in the US.

The technology firm's staff are being targeted by a flyer campaign.

A challenging 12 months had a silver lining, says PRIM's CIO Michael Trotsky.

Private equity R&R reaches a new peak in Colorado.

Vinod Khosla, co-founder of Sun Microsystems, appears to be drawing a line in the sand over access to his property.

BC Partners' investment in PetSmart, which is already returning capital to investors less than a year in, demonstrates the firm’s strengths as it seeks to raise €7bn for its 10th offering.

The upcoming UK referendum on EU membership adds to an already uncertain global economic picture and is putting a brake on deal activity.

The taxation of carried interest has been a contentious issue for more than a decade, but tensions have reached a new level in the UK.

The global buyout firm has closed its eighth flagship vehicle, overshooting its $12bn target.

More private equity and better governance are increasingly on the shopping list of retirement funds, according to a State Street survey.

Fundraising wild card: Questions are being asked over whether current fees arrangements are fair to investors.

Fundraising wild card: A benign fundraising environment is leading to innovative fund terms.

Fundraising wild card: Managers are growing increasingly fond of fast-track fundraising.

Fundraising wild card: Where CalPERS leads other LPs follow, and that could mean worrying news from some firms.

Fundraising wild card: The days of a GP investing alone are long gone.

Fundraising wild card: Strategies can be distracted by disruptive shareholders - or saved from misguided GPs.

Fundraising wild card: Mega firms are increasingly marketing vehicles that break from the typical 10-year investments.

Placement agents may be threatened by in-house teams and electronic platforms, but they still have their place in the modern fundraising market.

Every year the private equity community in Japan hopes for increased dealflow and for its institutional investors to enter the asset class. In 2016, the hope is stronger than ever.

With an ageing population and declining consumption, private equity firms are increasingly looking to overseas markets to create value.

Five industry veterans pass their verdict on the Japanese corporate landscape, its challenges and the rewards of investing in the country.

Tokio Marine Capital built Bushu Pharmaceuticals into Japan’s number one drug contract manufacturing company and a top 10 global player.

Japan’s most active LPs have made more than 50 commitments to funds focused on the country since 2010.

Private equity fund managers in the UK are scratching their heads at what an exit vote could potentially mean for marketing and fundraising in Europe.

Amid the subdued economic backdrop shadowing much of Japanese corporate activity, Ant Capital Partners is shining the light on an investment bright spot.

The rocky relationship between private equity and unions is growing more complex as some labour groups scrutinise firms with tools born out of industry regulation, while others seek change from within as LPs.

A discrimination lawsuit involving CVC Capital Partners and a former employee is a public reminder of another embarrasing episode for the industry, writes Annabelle Ju

For more than a decade carried interest’s tax status has found itself in the political crosshairs. But changes in the UK and carry’s recurring cameo in the US presidential elections, point to changes on the horizon.

With forethought, fairness and transparency, private equity managers and investors can recognise and resolve issues in everyone’s interest, write Pepper Hamilton’s Julia Corelli and Stephanie Pindyck Costantino.

PEI sister title Private Funds Management tracks the latest people moves in the world of private equity law

There is a mismatch between the popular myths and the reality when it comes to the Cayman Islands, write Caroline Williams and Jason Allison.

Private equity professionals navigating national and cross-border regulations will need to address three legal changes set to take effect in Germany this year, writes Andreas Rodin