Toby Mitchenall
Fresh from the blockbuster exit of Pets at Home, Bridgepoint managing partner William Jackson talks to PEI about high prices, expanding the franchise and why private equity is still anything but an ‘easy business’. Toby Mitchenall reports
UK pension funds are increasingly favouring alternatives, with the average asset allocation rising to 9 percent in 2010, according to Mercer.
Serial KKR board member Tony DeNunzio will help steer the UK pet store chain.
The mid-market firm has further divested its stake in UK storage company Safestore. The investment has now generated 4x Bridgepoint’s invested capital.
Senior figures from the fund of funds industry say that consolidation in the sector is inevitable.
Bruce Barclay, a London-based dealmaker-turned-fundraiser, will leave the global firm and be replaced by Carlyle’s Robert Brown.
In an exclusive interview, Poul Nyrup Rasmussen, president of the Party of European Socialists and ‘bogeyman’ to the private equity industry recently told Toby Mitchenall why he still sees the asset class as a destructive force.
Listed investor Candover Investments has reported encouraging interim results, while its subsidiary private equity firm, Candover Partners, is ‘exploring options to rebuild investment capacity’.
Poul Nyrup Rasmussen, head of the Party of European Socialists, exclusively tells sister publication PEI why he still sees the asset class as a destructive force.
Some view the fund of funds market as being ripe for consolidation, but an M&A frenzy has yet to kick off, writes Toby Mitchenall.
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