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Article: Secretive sector in the spotlight; IN ASSOCIATION WITH Rensburg Sheppards Sainsbury's move shows private equity firms' muscle.(News)
- Article from:
- Daily Post (Liverpool, England)
- Article date:
- February 14, 2007
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Byline: BY RUSSELL LYNCH Daily Post Business Correspondent
THE ever-mighty private equity world was flexing its muscles at some of British business's best-known names last week after a hectic few days of manoeuvring in a sector loathed by unions and viewed nervously by bosses fearful for their own jobs.
Targets as diverse as Sainsbury's and tapas chain La Tasca have been placed under scrutiny, and are among several well-known names to attract recent interest.
Both firms are being pursued by Blackstone, which showed off its firepower this week by agreeing a deal to buy the biggest landlord in the United States, Equity Office. The price tag, ...