Permira Overruns Union, Management Opposition to Squeeze 'Special Dividend' Out of Fashion Firm Hugo Boss
Buyout funds continue to squeeze cash out of the companies they acquire in order to pay off debt and get their money out early.
Buyout funds continue to squeeze cash out of the companies they acquire in order to pay off debt and get their money out early.
Following earlier advances into agricultural commodity/supply chains and food testing documented on this site, private equity is now staking a claim in the agrochemicals sector.
Continue reading "Permira's Arysta Buyout Takes PE into Agrochemicals" »
Gerrit Zalm, the former Dutch Minister of Finance and Deputy Prime Minister who served in various cabinets for the center-right liberal party VVD until February this year has joined Permira as an advisor.
Continue reading "The Carlyle Model: Permira Recruits Former Dutch Finance Minister" »
"THE continuing union protest over the closure of the Birds Eye fish factory in Hull has moved onto the international stage this week.
The GMB Union has flown protestors from the plant and other threatened industries to Germany to demonstrate outside the Super Return Conference in Frankfurt, the private equity industry's annual flagship event."
Read more:
http://www.fishupdate.com/news/fullstory.php/aid/6772/Birds_Eye_protest_moves_to_Germany.html
"MPs will this week be urged to launch a wide-ranging inquiry into the 'epidemic of leveraged buyouts and the damage they cause to companies and the economy'. The call comes from the IUF, an international union representing workers in the food, agricultural, hotel, restaurant, catering and tobacco industries. The IUF's Peter Rossman, one of the most respected critics of the sector, will meet with the trade union group of Labour MPs on Tuesday."
In March 2006, financial market analysts speculated that Goldman Sachs is putting together a group of private-equity funds to make a £30 billion bid for Unilever in its entirety and taking the company private.