Advent in talks over $2.9bn buyout of consumer goods data unit

Advent in talks over $2.9bn buyout of consumer goods data unit

Advent International is in talks to buy a key business unit of the data company Nielsen, in a deal that would value it at about $2.9bn, according to two people familiar with the matter.  The US-based private equity group is looking into acquiring Nielsen’s Global...
Private equity accused of ‘cashing in’ UK government loans

Private equity accused of ‘cashing in’ UK government loans

The UK government has been slammed for letting private equity groups “cash in” on state-backed coronavirus loans. Darren Jones, chair of the House of Commons’ business, energy and industrial strategy committee, said that he had been concerned over the “abuse” of some...
Platinum Equity-owned label maker pulls risky PIK deal

Platinum Equity-owned label maker pulls risky PIK deal

Platinum Equity-owned label maker Multi-Color Corporation has pulled a proposed sale of a risky “payment in kind” note, signalling that the soaring demand from investors for US corporate bonds has its limits. The $500m deal had been seen as one of the most aggressive...
Spacs could be a bubble that never quite pops

Spacs could be a bubble that never quite pops

What seems like today’s hottest path to a public listing comes with a lot of baggage. The basic premise of a Special Purpose Acquisition Company (Spac) is that a sponsor raises money in a public offering with the expectation that it will identify a target company for...
UK pension funds to boost renewables, survey finds

UK pension funds to boost renewables, survey finds

Pension funds in the UK are set to increase their investments in renewable energy as the sector draws investors with attractive returns, says a survey of 50 pension fund investors by Pureprofile and real estate investment firm Alpha Real Capital. The survey found that...