A U.K. company backed by Russian billionaire Roman Abramovich and Ben Goldsmith, son of the late financier James Goldsmith, raised money for an herbicide-free weed-killing product that uses hot water, foam and steam.
When Oswald Gruebel, chief executive officer of UBS AG, stepped off a plane in Zurich at dusk on Sept. 14, 2011, he had an urgent message on his mobile phone from investment-banking head Carsten Kengeter.
Jon Moulton, founder of Better Capital Plc, hired Vince Julier to co-manage Greensphere Capital, a U.K. renewable-energy fund, the Sunday Telegraph reported, without citing the source of the information.
Charterhouse Capital Partners LLP, Britain’s oldest buyout firm, posted some of the industry’s biggest returns after spinning out of HSBC Holdings Plc. Handing off that legacy to the new generation is proving harder.
The leaders of a prestigious European private-equity firm and one of its companies were celebrating at a pair of parties on the French Riviera. It was Sept. 13, 2008. Gerry Grimstone , chairman of Candover Investments Plc , sipped cocktails and reviewed strategy with executives of the firm’s leveraged-buyout unit on a yacht in Monaco harbor. Two months before, Candover Partners Ltd. had won a bidding war to purchase oil services company Expro International Group Plc for 2 billion pounds ($3.19 billion), then the largest LBO in Europe that year.
Ashmore Group Plc , a U.K. fund manager that focuses on emerging markets, said fiscal full-year profit rose 39 percent, boosted by higher performance and management fees after a recovery in global financial markets.
As long ago as June 2008, New York Federal Reserve President Timothy F. Geithner was warning the Bank of England that letting bankers set the benchmark interest rate for global finance was open to abuse.