Sir David Walker has named an 11-member team, including Lady Hogg, 3i chairman, and Lord Hollick, the former United Business Media chief executive, for his working party on the private equity industry. The former banker and City regulator was appointed in early March to help devise an industry code of conduct. His team will examine appropriate levels of disclosure for private-equity-owned businesses as well as the quality of valuation methodology. Other members are: Adrian Beecroft, deputy chairman of Apax Partners; David Blitzer, a Blackstone executive; Anne Glover, chief executive of Amadeus; Robin Hall, managing partner of Cinven; William Jackson, managing partner of Bridgepoint; Sir Michael Rake, chairman of KPMG International; Dwight Poler, managing partner of Bain Capital; and Rod Selkirk, chief executive of Hermes Private Equity. The code, to be published in the autumn, will be voluntary, but members of the British Private Equity and Venture Capital Association will be expected to comply or possibly face expulsion. The FT also reports that Shriti Vadera, a key adviser to Gordon Brown and a former investment banker, met privately with senior executives from Apax, BC Partners, Blackstone, Permira and 3i to discuss their plans to deal with unions and address issues relating to a perceived lack of transparency.

This entry was posted by Gwen Robinson on Wednesday, March 21st, 2007 at 5:54 and is filed under People, Private equity. Tagged with 3i, amadeus, apax, bain, blackstone, bridgepoint, cinven, hermes, kpmg, permira. Edit this entry.