Henry Kravis, the king of rough-and- tumble leveraged buyouts, picked up a phone at his home in Palm Beach, Florida, and called the chief executive officer of one of Spain’s biggest producers of building materials.
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.
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.
Boris Johnson’s quest to win a second term as London mayor on May 3 is complicated by his need to court voters battered by the government’s austerity measures and his desire to champion the city’s unloved bankers.
Rentokil Initial Plc is the leading contender to acquire the remaining health-and-safety businesses of Connaught Plc, a U.K. social housing maintenance company that collapsed in September, the Financial Times reported, citing unidentified people familiar with the matter.
European stocks were little changed, with the Stoxx Europe 600 Index close to a four-month high, as better-than-estimated U.S. retail sales offset a selloff in utilities and a slump in German investor confidence.