US private equity group buys company’s 16 UK cinemas, distribution arm and online streaming service The British arthouse cinema chain Curzon has been acquired by the US investment firm that owns Poundstretcher and Majestic Wine. Fortress...
Split comes despite chair’s preference for deal from group including US hedge funds Elliott Partners and Silver Point plus others Thames Water’s board is split over two competing deals from its lenders aimed at saving the UK’s biggest...
From football clubs to water companies, music catalogues to care homes, private equity has infiltrated almost every facet of modern life in its endless search to maximise profits. By Alex Blasdel Continue reading...
Labour said it would bring taxation of performance-related pay in the industry in line with others – but the chancellor had a change of heart How private equity convinced Labour to go easy on its multimillion pound tax perk It has been...
The lobbying coup of the decade saw a major climbdown on the chancellor’s planned raid on carried interest Nils Pratley: Rachel Reeves’s most irritating manifesto fudge “I’m glad I don’t have to look into moving to Paris, put it that...
The division of responsibilities between Ofwat, the Environment Agency and Drinking Water Inspectorate hasn’t worked New regulator may ban English water companies from making a profit An independent commission into the English and Welsh...
Private equity firm CD&R revealed to be in exclusive talks to buy 50% stake in consumer healthcare arm Opella The French government has warned a US private equity firm buying the consumer healthcare arm of the drugmaker Sanofi that...
Shares in food company jump 13% after reports Advent is in early stages of preparing an offer Tate & Lyle could become the next UK company to fall to an overseas takeover offer, after reports that the US private equity firm Advent...
Readers respond to Keir Starmer and Rachel Reeves’ vow to promote growth by enticing businesses to invest in Britain I have listened with growing concern to the growth mantra from Keir Starmer and Rachel Reeves. We are to have growth, no...
With the budget and Starmer’s investment summit approaching, the industry’s lobbyists are in full cry over ‘carried interest’ When the future deputy prime minister Angela Rayner walked the floor of a bespoke kitchen outfitter’s warehouse...
For these companies, economies of scale, low wages, minimum staffing and cost-cutting are the order of the day, writes Norman Edwards Your editorial on the failures of the privatisation of care services ( 7 October ) rightly highlights...
From football clubs to water companies, music catalogues to care homes, private equity has infiltrated almost every facet of modern life in its endless search to maximise profits Whenever I ponder the enormity of the multitrillion-dollar...
Private equity groups Calveton and Breal Capital to buy 51 restaurants, although 35 outlets will close A rescue deal for the UK arm of TGI Fridays has been struck, with two private equity groups to buy 51 restaurants – although a further...
Bill rejected by Newsom would have let attorney general deny mergers after recent scandal involving Stewart Health Hopes to rein in private equity investment in healthcare died in California last weekend, as a nationally watched bill was...
US public sector workers’ retirement savings invested in projects that pump out a billion tonnes of emissions a year Private equity firms are using US public sector workers’ retirement savings to fund fossil fuel projects pumping more...
Stephen Schwarzman’s Blackstone Group will fund data centre bringing 4,000 jobs to north-east England Keir Starmer is set to announce the creation of a £10bn AI datacentre, bringing 4,000 jobs to north-east England, which will be funded...
Annington Property fears recent legislation could potentially affect the value of some of the 38,000 UK military homes it holds A property company linked to the billionaire Guy Hands has taken a legal fight with the UK government to the...
CVC Capital Partners joins IPL owners in sales process ECB hopes to raise £500m by selling 49% stake in teams CVC Capital Partners is in talks about buying one of the Hundred franchises in what would be the first private equity...
Co-founder of British cybersecurity company says ‘now is the right time to hand over the reins’, to Jill Popelka Poppy Gustafsson, the co-founder and chief executive of the British cybersecurity firm Darktrace, is to leave the company...
Investors spent about $1tn buying healthcare facilities over last decade, leading to reports of worsening patient care Private equity investors are increasingly buying up hospice centers – healthcare facilities meant to focus on pain...
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.
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.
The investment firm H Partners raises reasonable questions about the board, chief executive and earnings of Tempur Sealy, Stephanie Rogan of Reuters Breakingviews writes.
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.
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.
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.
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.
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.
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.
"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.