Private equity employment totalled 10.5 million people in 2018

Private equity employment totalled 10.5 million people in 2018

A total of 10.5 million people were employed at 22,659 private equity backed businesses in Europe at the end of 2018 – according to the first Private Equity at Work report from Invest Europe, an association representing Europe’s private equity, venture capital and...
Swedish buyout group EQT is making its second acquisition in a week

Swedish buyout group EQT is making its second acquisition in a week

EQT  has agreed to buy Italian online real estate classifieds group Casa.it from Oakley Capital, the Swedish private equity group said on Thursday, marking its second acquisition in the sector in a week. Last week EQT announced the acquisition of Madrid-based online...
Richard Branson to raise $400m for Spac

Richard Branson to raise $400m for Spac

Richard Branson has joined the crush of high-profile investors seeking to raise money for blank-cheque companies, pitching a $400m vehicle that would hunt for deals to expand Virgin Group’s brand in the US.  The finances of Britain’s best-known billionaire have been...
Toshiba’s chip IPO could short-circuit at a valuation of $20bn

Toshiba’s chip IPO could short-circuit at a valuation of $20bn

The debut of Toshiba’s chip unit may short-circuit in volatile markets. Two years after the Japanese conglomerate’s crown jewel was sold to a group led by U.S. buyout firm Bain Capital, the rebranded Kioxia will go public in Tokyo at a valuation of $20 billion. ...
Private equity owners pile on leverage to pay themselves divis

Private equity owners pile on leverage to pay themselves divis

Private equity groups including TPG and Apax Partners are taking advantage of blockbuster demand for corporate debt by loading companies they own with fresh loans and using the cash to award themselves a bumper payday. So-called dividend recapitalisations have become...