• The world economy faces a huge stress test in 2023 | Kenneth Rogoff
    Thursday, January 5, 2023 from Business: Private equity | theguardian.com
    With inflation on the rise and the era of ultra-low interest rates over, there could well be a systemic crisis The fact that the world did not experience a systemic financial crisis in 2022 is a minor miracle, given the rise in inflation...
  • Bank of England to stress test hedge funds and private equity lending
    Tuesday, December 13, 2022 from Business: Private equity | theguardian.com
    Central bank to examine shadow banking sector amid fears it could put UK financial stability at risk Hedge fund and private equity lending will be scrutinised by the Bank of England in the world’s first stress test of the shadow banking...
  • Damon Buffini: BBC appoints private equity boss to make it more commercial
    Friday, December 9, 2022 from Business: Private equity | theguardian.com
    Former Pemira chief named deputy chair as government overhauls licence fee The BBC has appointed one of the UK’s most well-known private equity barons, Sir Damon Buffini, as its deputy chair in the latest move to sharpen the...
  • Morrisons owner raises £220m in sale and leaseback of warehouses
    Friday, December 9, 2022 from Business: Private equity | theguardian.com
    Proceeds to be used to ‘finance further investment’ as concerns grow over mounting debt burden since last year’s takeover The US private equity owner of Morrisons has raised £220m from the sale and leaseback of seven warehouses amid...
  • Cumbria coalmine is owned by private equity firm with Caymans base
    Thursday, December 8, 2022 from Business: Private equity | theguardian.com
    West Cumbria Mining, which set up Whitehaven office during push for new mine, owned by EMR Capital • What is the Cumbrian coalmine and why does it matter? The first deep coalmine to be dug in the UK in a generation is ultimately owned by...
  • Starmer’s nuanced approach to immigration and jobs needs detail | Nils Pratley
    Tuesday, November 22, 2022 from Business: Private equity | theguardian.com
    Labour’s leader may have enhanced his ‘unashamedly pro-business’ stance with the CBI, but his plan is vague It would be easy, on the basis of the main soundbites from Keir Starmer’s speech to the CBI conference on Tuesday, to conclude...
  • Firm backed by billionaire withdraws £105m offer to repair military homes it owns
    Monday, November 7, 2022 from Business: Private equity | theguardian.com
    Proposal by company owned by Guy Hands’ Terra Firma had been contingent on MoD dropping plan to wrest back ownership A property company owned by Guy Hands’s private equity firm Terra Firma has withdrawn a £105m offer to repair the...
  • The Blackstone rebellion: how one country took on the world’s biggest commercial landlord – podcast
    Sunday, October 16, 2022 from Business: Private equity | theguardian.com
    The giant asset management firm used to target places where people worked and shopped. Then it started buying up people’s homes. In one country, the backlash was ferocious Continue reading...
  • The Blackstone rebellion: how one country took on the world’s biggest commercial landlord
    Thursday, September 29, 2022 from Business: Private equity | theguardian.com
    The giant asset management firm used to target places where people worked and shopped. Then it started buying up people’s homes. In one country, the backlash was ferocious Blackstone is the largest commercial landlord in history. Over...
  • Morrisons staff asked to invest thousands in their own company
    Friday, September 23, 2022 from Business: Private equity | theguardian.com
    Exclusive: Some employees report feeling pressed by private equity owners to contribute to an ailing business Morrisons’ private equity owners have asked hundreds of staff – from store managers upwards – to invest thousands of pounds of...
  • Private equity still investing billions in dirty energy despite pledge to clean up
    Wednesday, September 14, 2022 from Business: Private equity | theguardian.com
    Carlyle, Warburg Pincus and KKR are the worst offenders according to a new scorecard of private equity climate risks Private equity firms pumping billions of dollars into dirty energy projects are exposing investors, including...
  • Kim Kardashian launches private equity firm
    Thursday, September 8, 2022 from Business: Private equity | theguardian.com
    SKKY Partners venture with Carlyle veteran Jay Sammons will focus on consumer items, media and luxury Kim Kardashian has ventured into the world of finance, launching her own private equity firm with the help of a former partner from the...
  • Revealed: scandal of England’s ‘inadequate’ private children’s homes
    Sunday, June 26, 2022 from Business: Private equity | theguardian.com
    Private equity links and the pursuit of profit come with risks for children in the care sector, say experts More than 100 privately run children’s homes in England with serious failings have been branded inadequate by inspectors, with...
  • Reliance Industries and Apollo Global Management in £5bn bid for Boots
    Thursday, June 9, 2022 from Business: Private equity | theguardian.com
    Mukesh Ambani teams up with US private equity fund, with Walgreens expected to retain minority stake The Indian billionaire Mukesh Ambani’s Reliance Industries has teamed up with the US private equity fund Apollo Global Management to...
  • FirstGroup rejects £1.2bn takeover bid from US equity firm
    Thursday, June 9, 2022 from Business: Private equity | theguardian.com
    Operator of GWR and South Western Railways says proposal fails to reassure investors Britain’s biggest train operator FirstGroup has rejected a £1.2bn takeover proposal from a US private equity firm, after its board determined the offer...
  • Here’s how rocketing rents and unaffordable house prices can be fixed | Leilani Farha
    Thursday, June 2, 2022 from Business: Private equity | theguardian.com
    We have the chance to guarantee the human right to housing – rather than a real-life game of Monopoly. We must take it Leilani Farha was the UN special rapporteur on the right to housing from 2014-2020 Two years ago, when Covid-19 was...
  • Time for Rishi Sunak to get serious about helping with energy bills | Nils Pratley
    Tuesday, April 19, 2022 from Business: Private equity | theguardian.com
    As energy chiefs fear impact of further rises, chancellor’s measures look naive and politically unfeasible Rishi Sunak’s first attempt to “take the sting out” of rising household energy bills was a bits-and-pieces £9bn support package...
  • Revealed: top 10 children’s care providers made £300m profits
    Saturday, March 26, 2022 from Business: Private equity | theguardian.com
    Concern at growing role of private equity as councils struggle to meet spiralling costs The 10 largest providers of children’s social care placements made more than £300m in profits last year, according to research that will fuel...
  • ‘It’s not about big brands’: how will UK casual dining fare after Covid?
    Saturday, March 26, 2022 from Business: Private equity | theguardian.com
    Byron and Strada are among chains to close sites, but independent restaurants are gaining ground As the pandemic slashed through the UK’s restaurants like a sharpened cleaver, one slice of the industry fared far worst than most: pizza...
  • Shares in education publisher Pearson jump 20% on hopes of private equity bid
    Friday, March 11, 2022 from Business: Private equity | theguardian.com
    Market value increases by nearly £1bn as Apollo considers improved cash offer after £6.4bn deal rejected Pearson’s market value jumped by as much as a fifth after a US private equity group said it was considering making an improved cash...
  • A Boom in Private Equity’s Secondary Market
    Wednesday, February 18, 2015 from DealBook» Private Equity
    Secondary sales of stakes in private equity, venture capital and real estate funds totaled $47 billion in 2014, roughly 80 percent more than in 2013, research by the investment bank Evercore found.
  • 8 Tax Loopholes the Obama Administration Could Close
    Wednesday, February 18, 2015 from DealBook» Private Equity
    The Treasury Department has the legal authority to close some tax loopholes that Congress did not intend, writes Victor Fleischer in the Standard Deduction column.
  • Shake-Up at Mattress Company May Be Due
    Tuesday, February 17, 2015 from DealBook» Private Equity
    The investment firm H Partners raises reasonable questions about the board, chief executive and earnings of Tempur Sealy, Stephanie Rogan of Reuters Breakingviews writes.
  • Activist Investor Demands Change at Tempur Sealy
    Tuesday, February 17, 2015 from DealBook» Private Equity
    H Partners, an activist hedge fund, called for the ouster of Tempur Sealy's chief executive and board, claiming the mattress maker has suffered from years of mismanagement.
  • Fairfax Financial of Canada Agrees to Buy Specialty Insurer Brit
    Tuesday, February 17, 2015 from DealBook» Private Equity
    The $1.88 billion deal to acquire Brit is expected to expand Fairfax’s presence in the Lloyd's of London insurance marketplace.
  • Carlyle Profit, Weighed Down by Energy Investments, Beats Expectations
    Wednesday, February 11, 2015 from DealBook» Private Equity
    Carlyle, the Washington-based private equity giant, said that its quarterly economic net income — a measure of profit that includes unrealized gains or losses — declined 68 percent, to $180.5 million.
  • Private Equity Firms in a Frenzied Race to Hire Young Investment Bankers
    Tuesday, February 10, 2015 from DealBook» Private Equity
    Junior bankers — some who graduated from college only last year — are being courted for lucrative positions at companies such as Bain Capital and the Carlyle Group.
  • Chico’s Clothing Stores Near Sale to Sycamore Partners
    Tuesday, February 10, 2015 from DealBook» Private Equity
    If completed, the deal, estimated to be more than $3 billion, would be the largest buyout of the year.
  • Saba Software to Be Taken Private
    Tuesday, February 10, 2015 from DealBook» Private Equity
    Vector Capital, a private equity firm, will pay $9 a share for the troubled cloud computing firm, or about $300 million cash.
  • K.K.R. Profit Falls 89% on Turmoil in Energy Sector
    Tuesday, February 10, 2015 from DealBook» Private Equity
    Kohlberg Kravis Roberts said its economic net income — a profit measure that includes unrealized gains or losses — was $86.6 million, compared with $789.6 million in the period a year earlier.
  • Profit at Private Equity Firm Apollo Falls Sharply on Energy Industry Turmoil
    Thursday, February 5, 2015 from DealBook» Private Equity
    Apollo Global Management's economic net income after taxes — a profit measure that includes unrealized investment gains or losses — declined nearly 80 percent in the fourth quarter.
  • Chief of Troubled Casino Operator Caesars to Step Down
    Wednesday, February 4, 2015 from DealBook» Private Equity
    Gary Loveman will be succeeded by Mark Frissora, the former chief executive of Hertz, who left the rental car company last year after pressure from activist investors.
  • Smucker to Buy Big Heart Pet Brands for $5.8 Billion
    Tuesday, February 3, 2015 from DealBook» Private Equity
    The deal, Smucker’s biggest in its 118-year history, seeks to capitalize on a high-growth sector and is expected to revive sales.
  • Arcapita Gets More Than $1 Billion in Sale of Pods
    Tuesday, February 3, 2015 from DealBook» Private Equity
    The Bahrain private-equity firm had acquired Pods, short for Portable On Demand Storage, in 2007 for $430 million.
  • Blackstone’s Chief Has a Warning for Wall Street’s Entrepreneurs
    Monday, February 2, 2015 from DealBook» Private Equity
    "I have begged, literally begged" young financiers not to start their own firms "because they're going to destroy their careers," says Stephen A. Schwarzman.
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