Bridgepoint has used its £189 million (€291 million; $377 million) refinancing of its investment in Pets at Home to pay off £20 million of mezzanine debt and pay itself a £70 million dividend.
The mid-market firm has closed its fifth private equity fund, with nearly all previous investors returning for another helping.
Italy’s BS Private Equity has teamed up with the private equity arm of Italian bank Mediocredito Centrale to purchase listed cleaning company IPC.
Members of the Soros Private Equity team have spun out of George Soros’ money management firm to form TowerBrook Capital Partners, a $1.3bn transatlantic private equity firm.
ISIS Equity Partners, led by Wol Kolade, will soon cease to be a captive operation – a move prompted less by a hunger for independence than a pragmatic view on hindering accounting rules, writes Jonn Elledge.
A host of private equity bidders were outmanoeuvred by a South Korean brewing firm in the battle for control of one of the Asian drinks industry’s most prized assets.
A good partner in private equity
Making private equity more efficient
Jack Welch doesn't need an introduction. One of America's most revered managers, he spent 20 years at the helm of General Electric, the gravitydefying conglomerate which under his tenure grew into the world's most valuable company. In 2001, Welch became a private equity executive when he joined Clayton, Dubilier & Rice as a special partner. Currently promoting his new book, entitled Winning*, he took time out in May to talk to Philip Borel about private equity's role in industry today.
The country's recent budget contained an important concession to the private equity industry. Expect to see increased numbers of foreign GPs checking in at Sydney airport.