UK - Private equity leaders hold private meeting with UK Treasury

Heads of some of Europe т€™s largest buyout houses held private discussions with a UK Treasury aide in an effort for the Government to stave off political pressure. The aide, Shriti Vadera, a former investment banker and currently an adviser to UK chancellor Gordon Brown, met with top-level executives from Apax Partners, BC Partners, Blackstone Group, Permira and 3i. The discussions centered on how the industry should react to public criticism and is regarded as an attempt to help Brown т€“ widely touted as the next UK prime minister т€“ avoid bowing to union demands.