3 h. ago Nearly a quarter of foster places in England provided by private equity

Experts raise alarm over ‘commodification’ of vulnerable children as independent fostering agencies make millions in profitExperts have raised alarm over the “commodification” of vulnerable foster children as analysis reveals almost a quarter of all foster places in England are now provided by private equity-backed companies making millions of pounds in profits.Analysis for the Guardian by thinktank Common Wealth found independent fostering agencies (IFAs) are making millions via public funding from councils to provide placements for foster children, while foster carers struggle to pay bills. Continue reading...

Politics

4 d. ago London is leaving the door wide open to private equity raiders | Nils Pratley

London is leaving the door wide open to private equity raiders | Nils Pratley  The Guardian

Politics

4 d. ago London is leaving the door wide open to private equity raiders

London is leaving the door wide open to private equity raiders  The Guardian

Politics

9 d. ago An entire village in Dorset is facing eviction – proof that private money holds all the power in rural England | George Monbiot

This scandalous story gives lie to the claim that the biggest threat to country life comes from city dwellersPower hides by setting us against each other. This is never more true than in the countryside, where the impacts of an extreme concentration of ownership and control are blamed on those who have nothing to do with it. Rural people are endlessly instructed that they’re oppressed not by the lords of the land, but by vicious and ignorant townies – the “urban jackboot” as the Countryside Alliance used to call it – stamping on their traditions.Near Bridport in Dorset right now, an entire village is facing eviction, following the sale of the Bridehead Estate for about £30m. The official new owner, Bridehead Estate Ltd, is registered to the same address, with the same officers, as a company called Belport. The Telegraph reports that the estate “was bought by Belport, a private equity firm, on behalf of a wealthy client last autumn”, but no one knows who the client is. So far I’ve re...

Economics

3 w. ago UK’s Metro Bank attracts takeover interest from private equity

UK’s Metro Bank attracts takeover interest from private equity  Financial Times

Economics

3 w. ago Apollo delays hiring junior bankers after pressure from Dimon

Private equity group’s boss Marc Rowan said he felt ‘compelled to agree’ with recent criticism

Events

3 w. ago Apollo delays hiring junior bankers after pressure from Jamie Dimon

Private equity group’s boss Marc Rowan said he felt ‘compelled to agree’ with recent criticism

Events

3 w. ago US private equity giant KKR outbids rival with £1.7bn offer for Assura

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

3 w. ago US private equity giant KKR wins takeover battle for Assura in £1.7bn deal

Assura said it had reached an agreement on a ‘best and final’ bid led by Kohlberg Kravis Roberts and Stonepeak Partners.

Economics

4 w. ago Private equity firms overhaul exit strategies as IPO market slams shut

Executives prioritising break-ups or continuation funds as trade war kills off potential floats

Economics