Private equity asset sell-off
Wednesday 30 May 2012
Banks burdened with assets they were forced to acquire when loans went bad during the financial crisis, are looking to offload many of them, which is a major opportunity for private equity.
So says Electra Private Equity, the investment trust chaired by former City regulator Colette Bowe.
Deputy managing partner Tim Syder said: "We are beginning to see is a major shift of assets away from banks. They are also selling their non-core businesses."
Examples include Lloyds selling eSure and Royal Bank of Scotland moving to offload Direct Line.
Mr Syder insists Electra will look for assets where the underlying business is good even if the finances are not.
And why are 'southern' ways of speaking spreading north?
- 1 Cameron's freebie to apartheid South Africa
- 2 Is this the scariest advert ever? Japanese tyre commercial comes with its own disclaimer and health warning
- 3 A forgotten episode in Russian history leaves links with the Philippines
- 4 Australian ultra-nationalist politician Stephanie Banister in car crash immigration TV interview
- 5 From 'terrorist' to tea with the Queen
- < Previous
- Next >
iJobs Money & Business
£55000 - £70000 per annum: Pro-Recruitment Group: A well-known and renowned in...
£450 - £500 per hour: Cornwallis Elt : Business Analyst Finance System Hy...
£400 - £550 per day: Cornwallis Elt : BUSINESS ANALYST- OPERATIONS- PRIVATE B...
£50000 - £65000 per annum + benefits + bonus: Harrington Starr: Market Data SM...