Industry
UK - CVC makes $3.3bn bid for Royal Mail stake
Buyout house CVC Capital Partners has reportedly offered $3.3bn for a 30% stake in state-owned postal service Royal Mail.
UK - Candover expects to meet debt covenants
Beleagured private equity group Candover has reportedly stated that it will be able to meet its debt covenants this year despite the ongoing problems at the firm.
UK - ICG reports £67m loss
London-based mezzanine specialist Intermediate Capital Group has reported an annual loss of ТЃ67m, its first negative annual return in 20 years.
UK - Sun Capital and TDR's Pearl Group secures £500m equity injection
UK-based life assurer Pearl Group, jointly owned by private equity firms Sun Capital and TDR, has secured a ТЃ500m capital injection from Cayman Islands-based investment holding Liberty Acquistion Holdings.
UK - Lenders move to take control of Montagu's Linpac
Lenders to Montagu-backed packaging company Linpac have reportedly rejected a restructuring proposal put forward by the firm's private equity owners, and are instead working on a counter-proposal that would see them take control of the business through...
Ram-shackled
Following the hostile response to the EU Commission's proposed Alternative Investment Fund Managers Directive by private equity trade bodies, unquote" invited five prominent lawyers to share their views on the impact the new legislation could have on...
Q and A: Due diligence
Diligence is back on priority lists, with partners - not just targets - the focus. Deborah Sterescu talks to Chris Grove, corporate finance partner at BDO Stoy Hayward, about the new challenges for due diligence advisers in today's climate
Corporate bees-iness
The downturn has hit all areas of private equity - including corporate finance. But despite a volatile market, corporate finance advisory firms are still keeping busy. Is this an indication of things to come? Deborah Sterescu investigates