Recent press reports suggest that private equity parties will figure strongly in the second round of bidding for RBS’ payment processing business WorldPay.
The private equity world used to be run by GPs. There is now abundant evidence that this is no longer the case, as LPs are beginning to dictate terms. A meeting between buyout chiefs and their investors in New York today could lead to further change....
British discount retailer Matalan, which had attracted the likes of CVC, TPG, Blackstone, Advent International and BC Partners, has taken itself off the sale block.
Private equity heavyweights including Blackstone, TPG, KKR and Permira are reportedly among those interested in purchasing RBS' $3bn global-card processing unit.