Amanda Palmer
The London newspapers this morning rang the death knell for UK private equity, based on a new report from the Centre for Management Buy-out Research (CMBOR). CMBOR, backed by Barclays Private Equity and Deloitte, has been very cleverly courting headlines with dramatic figures showing that the value of the buyout market has dropped from £24.5 […]
One. Two. Three. Four. Five. Six. Seven. Eight. Nine. Ten. In the time it took you to read that, five people were born in India, according to the population clock at the Union Health Ministry in New Delhi which ticks away at 31 persons per minute. These babies were not born into the agricultural poverty […]
The titles were out in full swing today as I had lunch with the ambassadors of: Egypt, Bahrain, Kuwait, Qatar, Oman, Iran, Morocco, Tunisia, Algeria, Azerbaijan, Syria, Yemen, Malaysia, Lebanon, Saudi Arabia and Singapore. There was also a Crown Prince, a Baroness, and every other person I met seemed to be a Lord or at […]
Wow… what a difference two years makes. I arrived in Dubai last night to find that the dust and cranes I saw in 2006 have now tranformed into a city. And not just a city — but a confident and large one. So confident, in fact, that construction on tallest building in the world is soon due for completion, […]
The great weather in Munich has given way to the typical cold and cloud of Northern Europe. And the mid-market players have given way to the mega funds. Guy Hands of Terra Firma lectured on returning to the true values of private equity in the current financial market. Such platitudes are often batted around at conferences, but […]
The great and the good of the private equity industry have gathered in sunny Munich for SuperReturn 2008. David Rubenstein, Thomas H. Lee and Guy Hands are in attendance. Despite the pleasant weather, a dark cloud hangs over most of the conversations as the debt crisis plaguing America makes itself felt across European capitals. Rod […]
I will be on CNBC Europe’s Squawk Box program tomorrow morning at 7:30am GMT. We’ll be discussing Thomson Financial’s Mergers & Acquisition Snapshot for July 2007, and how the debt crisis will affect LBOs.
I was so very well behaved at lunch today I should be given a gold star, only one small glass of white wine to wash down oysters and sole. I was treated to this lovely meal by Henry Jackson, the brains behind the one and a half year old, mid-market buyout house Merchant Equity Partners. […]
That illustrious organ The Economist has a cracking cover this week with a man reading his blackberry at the pinnacle of a mountain totally unaware that he is about to step off into the abyss and the tagline reads: ‘The trouble with private equity’. The story behind the headline is a disappointing rehash of the […]
The Labour party may have a new Prime Minister in the brainiac Gordon Brown but do they have the money to fight an election campaign? Labour’s coffers are at cripplingly low levels as a consequence of Lord Levy’s cash for peerages debacle. So Brown will need to move quickly to appoint a fundraising member of […]