This is the kind of thing that can make the dollar signs flash in the eyes of private equity executives. They start doing complicated sums based on whether those freeholds could be used as collateral for loans or sold off and then leased back to the company. Private equity gets […]
Private
Private equity giants go into battle for Asda
Two industry veterans are poised for battle as they lead rival bids for grocer Asda in a £6.5bn deal. Rob Templeman, a former chief executive of Debenhams, is working with Apollo Global Management on one bid. Meanwhile, Lone Star Funds, another private equity bidder, is using former Asda boss Paul Mason to […]
Stock market floats tumble to 11-year low as private equity circles struggling firms
Asked about the rise of private equity, Jason Zemmel, a partner at City law firm CMS, said: “I can’t see any reason why it’s not going to continue like this.” He said the combination of a “wall of money” built up by private equity funds keen to find investments and a […]
Private equity firms must now prove their strength
It is time for the captains of industry to show their mettle. Four months since lockdown began, the emergency life-support systems for big firms set up by Rishi Sunak, such as the Bank of England’s Covid Corporate Financing Facility, have done their job. Business leaders must now come up with […]
Former Uber executive dreams of building private cities
The first phase will involve building smaller-term city “solutions” to city issues like transport and housing funded by Mr Rzepecki before submitting an application to a host nation for an entire city, when he hopes that his network of Silicon Valley founders and investors will get involved. “It is very […]
Super-rich scam victims hire private investigators to get their money back
The victim contacted EMM after the British police declined to investigate because the Hong Kong police would not cooperate, she added. The law firm identified and prosecuted the perpetrator, a Russian and British national, who was sentenced to five years’ imprisonment. Another client managed to win back more than £12m […]
LNG-powered rocket offers boost to Japan’s private space industry
TOKYO/SAPPORO, Japan — The rocket engine roared to life with a burst of bright orange flame, firing at 70% of full power for five seconds in a test that featured fuel used to power much of the planet but not harassed to reach outer space: liquefied natural gas. Interstellar Technologies, a small Japanese rocket startup, conducted […]
Shoppers prefer brands over private labels in current economic slowdown, study says
Dive Brief: American consumers are reducing their total spending, with 55% cutting spending by 10%-20%, 25% cutting by 30%-40% and 20% cutting spending in half, per the results of new survey of more than 1,000 consumers by Survata that was shared on the company’s blog. Despite cutbacks, surveyed consumers said […]
Coronavirus sets online test for Japan’s private cram schools
TOKYO — Japan’s private education providers are scrambling to go online as a prolonged state of emergency is set to paralyze brick and mortar classrooms. The country’s $9 billion private schooling industry has become an important plank of education for many families, preparing students for high school and college entrance […]
Private equity firm CVC to invest $1.4bn in Japan market
TOKYO — CVC Capital Partners will invest roughly 150 billion yen ($1.39 billion) into the Japanese market over the next several years, said Atsushi Akaike, the global private equity firm’s head of Japan. The firm raised $4.5 billion for a new Asia-Pacific fund in early April, exceeding its $4 billion target thanks to […]