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...
Momentum continues to gather behind an initiative many see as crucial to changing City culture BlackRock has given its public backing to plans to shorten trading hours on the London Stock Exchange. Paul Battams, head of equity trading in Europe, the Middle East and...
Blackstone (NYSE: BX) announced that funds managed by Blackstone Tactical Opportunities (“Tac Opps”) have completed the successful recapitalization of Phoenix Tower International (“PTI”), a leading provider of wireless communications infrastructure. Tac Opps has...
Private equity firms have long been judge and jury when valuing their portfolio companies — but pressure for change is building For many portfolio companies, the value is in the eye of their private equity owner. Just ask Southland Royalty, a US energy firm that filed... 