Financial Times:
JC Flowers, the US private equity group run by dealmaker Chris Flowers, has strengthened its London team after hiring Sir Callum McCarthy, former chairman of the UK’s Financial Services Authority, and David Morgan, former chief executive of Australia’s Westpac bank. (Read More)
Financial Times:
JC Flowers, the US private equity group run by dealmaker Chris Flowers, has strengthened its London team after appointing Sir Callum McCarthy, former chairman of the UK’s FSA watchdog body, as European chairman. The US buy-out group has also named David Morgan, former CEO of Australia’s Westpac bank,... (Read More)
Financial Times:
The US private equity group run by dealmaker Chris Flowers, has strengthened its London team after hiring Sir Callum McCarthy, former chairman of the UK's Financial Services Authority, and David Morgan, former chief executive of Australia's Westpac bank. (Read More)
FT Alphaville:
Here's a blast from the past.
Remember Informa, publisher of the Lloyd's List and The Earthmover & Civil Contractor Magazine?
The last time Alphaville wrote about the company it was the subject of a leveraged takeover bid from a private equity consortium, that was eventually credit crunched.
How things change.... (Read More)
Financial Times:
Affinity Equity Partners has agreed to sell its controlling stake in South Korea’s third-largest cosmetics brand to LG Household, securing a healthy return for the Asian-focused private equity firm. (Read More)
VentureBeat:
The EVO Media Group, which runs the DevHub.com service, says it’s making headway in the website-building market by adding a crucial ingredient — money. And the Seattle startup just raised $1.5 million in new funding.Like Weebly, Yola, and others, DevHub makes it easy to build a website by just dragging and dropping the elem (Read More)
Financial Times:
Informa is in early discussions with rival Springer over buying the academic publisher which is owned by private equity groups Candover and Cinven. (Read More)
VentureBeat:
Finding out about a musician or a show has always been a three-, four- or even five-site process for me. First I’ll hit pollstar.com and see what shows are in the area on a given day. Scrolling through lists of venues and artists, I’ll see something like “BattleHooch” and follow the link to their home page. This page may (Read More)
Financial Times:
Buy-out groups that own the Danish telecoms operator start a strategic review that is expected to result in a big public issue next year. (Read More)
Financial Times:
Chief executives of private equity-backed companies should speak out to defend the industry against 'misguided' European Union regulation, according to the new head of the European Private Equity and Venture Capital Association. (Read More)
FT.com - World, Middle East - Finance:
Cairo-based private equity firm Citadel Capital has listed its shares on Egypt's stock exchange in preparation for a likely rights issue in the coming months. (Read More)
FT.com - FTfm:
Providing liquidity in times of extreme stress has proved punishing for the listed private equity sector, but some in the market are seeing value. (Read More)
www.ft.com:
The Middle East's largest private equity house has raised its capital by almost a third as it prepares a return to buying mode. (Read More)
FT Alphaville:
Birds Eye Foods is being sold by its private equity owners for $1.3bn to Blackstone’s Pinnacle Foods, it was announced on Thursday. The deal, to be funded with $300m in additional equity from Blackstone and $1bn in debt, provides fresh evidence of a thaw in the long freeze in global dealmaking - at least for consumer brands (Read More)