Private equity vultures circle the stragglers

Private equity vultures circle the stragglers

John Grayken, a US private equity entrepreneur, is dubbed “the executioner from Texas” by the German press. In South Korea, his firm, Lone Star, is known as meoktwi — eat-and-run capital. Lone Star is among the buyout giants now circling ailing British firms. Last...
Allegro Record IPO a Boon for E-Commerce Investors in Poland

Allegro Record IPO a Boon for E-Commerce Investors in Poland

Poland’s biggest publicly-traded private equity company MCI Capital SA is hoping that the country’s recent record initial public offering, for online selling platform Allegro.eu SA, will be a boon for the flourishing e-commerce industry. The fund seeks to sell a stake...
‘Polish Amazon’ eyes expansion ahead of record IPO

‘Polish Amazon’ eyes expansion ahead of record IPO

Gazing out over the skyscrapers on the skyline, the head of Poland’s top e-commerce company is unfazed by Amazon’s imminent arrival as his business prepares for a record IPO. Instead, Frenchman Francois Nuyts, CEO of Allegro and himself a former Amazon...