
Survival of the fittest
From the rescue of HBOS by Lloyds TSB to the nationalisation of another British bank, not a week seems to pass without more evidence that the structure upon which the last decade of prosperity was built was over-optimistic and under-regulated. During the heady days of the cheap credit boom, fuelled by complex derivatives products and rampant securitisation, the belief arose that risk could effectively be eliminated. We are now witnessing the fall-out from this hubris, with the UK and the US at the coal-face. For the private equity industry, things are unlikely to ever look the same again
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater