Britain’s private equity groups are to provide more information about the businesses under their control in an effort to deflect mounting criticism about the role they play in the economy. The private equity industry’s main lobbying group on Thursday launched a high-profile working group, to be chaired by Sir David Walker, the respected former banker and City regulator, to come up with a code of conduct for disclosure. The creation of the group, supported by private equity houses including Apax, Blackstone, Carlyle, KKR and Permira, comes after a period of intense criticism from politicians, unions and executives over the industry’s financing techniques and lack of transparency. The industry’s response in the UK is likely to be closely watched by groups in the US and elsewhere.

This entry was posted by Helen Thomas on Friday, March 2nd, 2007 at 5:02 and is filed under Private equity. Tagged with apax, blackstone, carlyle, kkr, permira, sir david walker. Edit this entry.