Global buyout major Apollo has received a blow to its efforts to buy UK betting business William Hill after rival bidder Caesars Entertainement said the company was likely to recommend its £2.9bn offer.
Private equity firms have been given the green light to gain access to taxpayer-funded business loans for their UK portfolio companies to provide a 'lifeline' for struggling companies in the country's retail, leisure and hospitality sectors.
LP demand for private capital is set to soar before the end of the year as institutional investors look to learn from mistakes made following the global financial crash and take advantage of opportunities caused by the coronavirus pandemic.
Providence Equity Partners has scored a stunning exit of video game developer and publisher ZeniMax Media to Microsoft, as the global tech giant preps to take on Playstation in the next generation of gaming consoles.
Private equity's strong recovery from the coronavirus shock in March continues apace, with one giant deal in August helping the rejuvenated asset class to one of its best results of the past 12 months.
AltAssets has been serving the global private equity industry for over a decade and has become established as a trusted source of independent news and views on the industry by thousands of professionals worldwide.