City comment: These are remarkably difficult times for the fund management industry. Though that is not a comment calculated to bring a tear to the eye of a grateful nation, it is nevertheless hugely important... more
East London Bus Group buckles under the weight of its debt and collapses into administration, to be bought immediately by its one-time owner Stagecoach... more
Gala Coral lenders write off £558 million in debt today after a year-long restructuring it described as one of British coroprate history’s most complex... more
Private equity house Candover Partners will spend the rest of 2010 stabilising after a “very difficult year” in which it was forced to stop all new deals... more
City Comment: The financial crisis was a meteorite and private equity was the Earth; when it hit all the dinosaurs on planet private equity became extinct... more
The government finances are as good this week as they were last and anyone with a modicum of economics knows that the deficit - huge though it is - is what has kept us from a Thirties-style depression.... more
Blue-chip private-equity house Candover Partners became the first high-profile victim of the credit crisis today, terminating a €3 billion (£2.7 billion) buyout fund it launched last year... more
Lloyd’s List publisher Informa today said it is in early talks to take over its German trade magazines and journals publisher Springer Science and Business Media... more
No sooner do we have the flop that is the national apprenticeship scheme, fronted by Lord Sugar, than comes news of another failed Government initiative... more
Private equity house Charterhouse has picked up one of the best-known City research houses Wood Mackenzie in a £553 million deal from its distressed rival Candover Partners... more
London-based private-equity firm Candover Investments today tried to quash rumours that it could breach its banking covenants at the end of June.
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Private equity: London-based private-equity firm Candover Investments wants to slash the amount of money it committed to its newest buyout fund as recently as six months ago because of the credit crunch... more
Gala Coral, the private-equity-controlled owner of the Gala bingo halls chain and Coral bookies, said its founder and chairman John Kelly will be leaving in a year's time... more
Halliburton, the US engineering giant, gatecrashes takeover talks for British oilfield services group Expro International with a £1.7billion offer... more
Afternoon:
8°c
