The UK’s oldest buyout group has become heavily dependent on Dutch retailer Action that makes up two-thirds of its portfolio by value
‘Dividend recapitalisations’ hit record rate as private equity owners take advantage of easy credit conditions
Last Action hero
Shares in UK listed group increase 9% on Thursday
3i template for post-pandemic regeneration fund; GVC, a card or so short of a full deck
Private equity group says it can afford to support portfolio companies hit by coronavirus
Contrarian chief executive Simon Borrows raises the stake in Dutch discounters
Buyout group and investors make up to 31 times initial investment following restructuring
Private equity firm’s biggest bet is discount retailer — and it has no plans to change that
Formidable raider must show he has a better plan than chief Jes Staley
Activist investor is likely to take his time before attempting a shake-up at the British bank
O’Leary’s shift to ingratiation follows threat of pilots’ strike over holidays
Private equity group has a preference for businesses with scope to grow even in downturns
A rebound in the mining sector also helps the high-flying blue-chip index
Location is ahead of Frankfurt, Paris and Amsterdam as potential new European base
The group’s ￡114m investment in the Benelux discounter is now valued at ￡1.7bn
UK equities climb as LSE’s own stock advances after Brussels decision
They must accept that their business’s ethos may not survive a takeover
