Despite the credit crunch, the enterprise value growth of private equity-backed businesses has continued to outperform the public markets for the third consecutive year, according to Ernst & Young’s global study of the 100 largest private equity exits in 2007.
TPG Capital is considering a bid for mortgage lender Paragon, less than a month after pulling out of a £179m (€225m) investment in Bradford & Bingley.
Yorkshire & Clydesdale, Barclays and HSBC have been rated as the most active lenders to buyouts of companies in the £5m (€6.25m) to £15m deal market since the onset of the credit crunch.
France-based venture house Partech International Partners has spun out from its Partech parent.
For some they represent a lifeline, for others a threat. Either way, as oil prices continue to soar, sovereign wealth funds are here to stay, says Dennis Turner, chief economist at HSBC.
The Carlyle Group has admitted defeat in its three-year battle to invest in Xugong Group Construction Machinery, one of China’s leading machinery makers.