A group of private equity houses met with CBI director general Richard Lambert last week as part of the employer group’s efforts to get them to become members, the FT reports.
Lambert was invited to the London offices of KKR by Lord Hollick, formerly of United Business Media and now a senior executive at the US buyout giant, to make his case. One person in attendance described it as “fairly compelling”. Cinven, CVC, Permira and TPG were among those also present. Indeed, KKR and Permira are believed to have already signed up to the CBI, joining the ranks of Alchemy, Apax and 3i who have been members for a while.
This all comes as the private equity sector gets increased media exposure and attention from unions and politicians. The battle for Sainsbury that came to an ignominious end earlier this month is a case in point.