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’Walker assembles high-flying private equity working group
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.
European private equity cycle seen peaking as corporates fight back
Private equity is less enthusiastic than the corporate sector about the prospects for European mid-market M&A activity over the next six months, according to KPMG International’s European Mid-Market M&A Outlook.
Snap: KPMG chairman Rake to succeed Bland at BT
Michael Rake, current chairman of KPMG International, will succeed Christopher Bland as BT’s chairman in September, the telecoms group said in a statement on Monday.
Companies urged to use funds to ward off private equity
Some of the UK’s biggest companies are set to generate up to £200bn of extra cash in the next three years and are being urged to spend it warding off bids from predatory private equity groups. Companies in the FTSE 100 will amass £173bn surplus cash by 2008,
Little Chef in takeover talks
Little Chef, the ailing UK roadside restaurant chain, was in talks over the holiday weekend with at least one possible buyer but has not ruled out putting the company into administration, according to people familiar with the matter.
Americans may rescue Little Chef
People’s Restaurant Group and its adviser, KPMG’s corporate finance arm, have held talks with a consortium of American investors, including a big property group, over a rescue refinancing of the group’s Little Chef roadside restaurant chain,