Putting private equity on the agenda

News stories are free to read. Click here for full access to all the features, articles and archive from only £8.99.

The hands of private equity have touched many parts of British business. Adam Bernstein investigates

Often leading to a change in business ownership, or at the very least new faces in the boardroom, private equity is seen by some as leading to the tarnishing of a brand and the potential for asset stripping. The reality, however, can be very different and a force for good.

For example, after being on the brink of complete collapse, Patisserie Valerie and 2,000 of its jobs were saved after Causeway Capital Partners backed a February 2019 management buyout to rescue the firm. The deal value was not disclosed but is thought to be in excess of £17m. And mid-March, Italian group Investindustrial bought a majority stake in the Morgan Motor Company. Again, there were no financial details given.

Are you enjoying this feature? Why not subscribe to continue reading?

Subscribe for 4 issues/weeks from only £2.99
Or login if you are already a subscriber

By subscribing you will benefit from:

  • Operator & Supplier Profiles
  • Face-to-Face Interviews
  • Latest News
  • Test Drives and Reviews
  • Legal Updates
  • Route Focus
  • Industry Insider Opinions
  • Passenger Perspective
  • Vehicle Launches
  • and much more!