Jun 18 2013 20:43 BST 3i loses UK and Nordic region executivesThe heads of 3i Group plc's private equity operations in the UK and in the Nordic region are to leave, amid heavy restructuring at the London-listed investment group by chief executive Simon Borrows. David Whileman, managing director in charge of UK private equity investments, unexpectedly resigned last week to joinBy Anne-Sylvaine Chassany, Private Equity Correspondent |
Jun 11 2013 18:58 BST Exponent seeks to offload stake in Ambassador Theatre GroupThe stage is set for the £250m sale of the largest theatre company in the UK, with the private equity backers of Ambassador Theatre Group, which runs the Duke of York's theatre in the West End and has a total 39 venues, looking to offload their controlling stake in theBy Duncan Robinson |
May 24 2013 12:14 BST 3i makes bid for Barclays unit as chief commits to boost growthBritish private equity investor 3i Group has made an offer to buy Barclays' European infrastructure fund management unit, as it seeks to boost assets under management. Barclays Infrastructure Fund Management manages assets worth about £780m and operates from London and Paris, the London-listed group said, without disclosing the terms ofBy Anne-Sylvaine Chassany, Private Equity Correspondent |
May 17 2013 00:15 BST 3i raises cost-cutting targets3i Group, the British private equity investor that is undergoing a drastic restructuring, raised its cost-cutting targets and promised to press ahead with asset disposals this year after the value of its assets rose 11.5 per cent last year. The group said on Thursday it would aim for £60m inBy Anne-Sylvaine Chassany, Private Equity Correspondent |
May 16 2013 18:19 BST Talk of North Sea exit boosts UK's CairnTalk of a North Sea exit helped Cairn Energy edge higher even as the FTSE 100 broke a ten-day winning streak. Cairn added 1.9 per cent 281.6p amid speculation that the Edinburgh-based group could cash in on its stakes in the Catcher and Kraken discoveries, where development approval is expectedBy Bryce Elder |
May 16 2013 15:41 BST 3i: product misplacementSo much for activist investing. In January Edward Bramson, known for shaking up the companies in which he invests, started building a stake in 3i. He now owns 5 per cent, but he has been silent about his intentions. No matter. He has passively watched the share price rise 53 |
May 09 2013 18:41 BST 3i Infrastructure switches focus from India to Europe3i Infrastructure, the London-listed company that is part owned by the eponymous British private equity group, has decided to stop investing in India after a period of volatility and poor returns. The move is another step in the gradual retrenchment of 3i from an emerging market that its former chiefBy Anne-Sylvaine Chassany in London |
May 08 2013 18:40 BST 3i to sell software group Civica to Ontario pension fund3i Group, the London-based private equity group in which activist investor Edward Bramson holds a 5 per cent stake, is to reap more than twice its initial investment by selling British software maker Civica. Omers Private Equity, the direct investment arm of the Ontario-based pension fund, agreed to buy theBy Anne-Sylvaine Chassany in London |
Apr 25 2013 23:13 BST Permira pair change tack as they court new investorsKurt Björklund and Tom Lister, co-heads of the London buyout house Permira, finally have some money to invest again. After almost two years courting pension schemes, insurers and sovereign wealth funds from all corners of the globe, presenting their pitch about 1,500 times, they have locked in about €2bn ofBy Anne-Sylvaine Chassany, Private Equity Correspondent |
Apr 17 2013 00:03 BST HgCapital raises £2bn for mid-market fundHgCapital, the UK private equity group that owns clothing designer Bench, has raised £2bn, beating its target and reaching the maximum it had set for the new fund in about six months, benefiting from an appetite from investors for smaller buyouts. HgCapital's fund was greatly oversubscribed, but the group keptBy Anne-Sylvaine Chassany, Private Equity Correspondent |
