Barclays Plc had the deal seemingly locked up. Along with a trio of smaller lenders, the bank had agreed to arrange a $1.1 billion loan for ACProducts’ buyout of a unit of rival Masco Corp. While the terms of the financing weren’t quite as good as the kitchen-cabinet...
Second influential investor group demands lender adopts stricter climate change policy Barclays is under intense pressure over its role in financing fossil fuel producers after a second influential group of big shareholders demanded the British lender adopts a...
The industry’s assets under management could reach $5tn by the end of 2022, says data provider Preqin Private equity firms are now managing more money than ever before. The strong fundraising and rising returns have helped push the industry’s assets under...
Buyout pioneer warns industry’s culture is ‘not fit for purpose’ Private equity has a surprising new critic: Guy Hands, a pioneer of the buyout industry in the UK. The 60-year-old has hit out at fellow dealmakers for becoming too focused on how much money they make...
But when an idea is universally held it often pays to be cautious There was a time when a sure way to establish a reputation as a campus sage was to bang on about the “dialectic”, or the action of opposing historical forces. Sooner or later somebody will apply the... 