Buyout chief takes on Italian heavyweights
Matteo Arpe is lined up against a group that includes UniCredit and Mediobanca in a corporate takeover clash over insurer Fondiaria-Sai
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KKR to take 50% stake in Fotolia
Private equity group invests in ‘crowdsourcing’ start-up in a bid to consolidate the fragmented marketplace for licensing online digital images
Carlyle earnings hit by weak investment profits
Group continues disappointing start to public life
3i set to appoint ex-City banker as chief
Borrows’ appointment will appease unhappy shareholders
Goldman moves to pre-empt Volcker
US bank redeems about $250m worth of investments
Guy forks out the cash for Terra Firma
Financier shelling out £20m on retention bonuses
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Comment and Analysis
No cash in Hands’ dealmaking pot
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French election rattles private equity nerves
Parisian private equity executives are trying to establish whether and how their sector would change should France swing to the left
Hands in ‘old school’ deal for care group
Terra Firma lands Four Seasons in first foray into sector
Private equity IPOs
Investors should remember that the buyout industry’s golden years were during a long period of falling interest rates
Tamara Mellon puts the boot in to buyouts
Former Jimmy Choo boss blames investors for lack of long-term vision and says the PE model ‘is open to people who are more vultures and parasites’
Private equity must no longer rely on IPOs
The number of IPOs completed globally fell 29%, from 479 in 2010 to 338 last year and there is no sign of improvement, so private equity deals must be structured more cautiously
Dealing with the squeeze
FT series
In a five-part series, the FT looks at how buy-out firms are finding new ways to put their capital to work, one year on from the start of the credit squeeze
Investors critical of stakebuilding
When 3i floated its £400m Quoted Private Equity investment company in June 2007, some observers saw it as a poorly timed move
Concern over debt purchases
TPG’s profit on its share of Alltel’s debt illustrates a potential conflict of interest when private equity groups purchase debt at discounted prices in buy-out deals
Escaping the financial lock of bolt-ons
The Emap acquisition by Apax Partners and GMG highlights the difficulties of pursuing a buy-and-build strategy
Reward is worth risk for emerging market gurus
Western private equity executives monitor the situation in South Ossetia with particular concern after a $2.7bn spending spree in Russia
Perfect partners find matches blocked
Buy-out bosses say there are political and financial obstacles to investing in the financial services sector
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