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Fashion brand True Religion acquired by Acon Investments

Private Equity Insights

True Religion announced on Tuesday that private equity firm Acon Investments has acquired a majority stake in the company. Equally, earnings before interest, taxes, depreciation, and amortisation (EBITDA) reached $80m. Similarly, Vera Wang was purchased by brand management firm WHP Global in December.

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Hedge funds and private equity firms pour more money into Lloyd’s ILS vehicle

Private Equity Wire

International hedge funds and private equity firms are increasingly investing in Lloyds of Londons tax-exempt investment vehicle, as the 300-year-old UK institution expands its efforts to attract global investors, according to a report by the Financial Times.

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Blackstone, KKR, and EQT push back on UK carried interest tax reforms amid relocation risk

Private Equity Insights

From April 2026, carried interest will be treated as income to the extent it relates to services performed in the UK, exposing non-resident executives to British tax liabilities even after they leave the country. The reforms are part of a broader shift in UK tax policy under Chancellor Rachel Reeves.

Taxes 147
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Blackstone leads $2bn deal for PE-owned accounting firm

Private Equity Insights

The firm is a trusted advisor to more than 15,000 clients globally through its tax, advisory and accounting services. Read more Blackstone leads $2bn deal for PE-owned accounting firm A Blackstone-led investor group is acquiring a majority stake in US accounting firm Citrin. Billion US pipeline operator ONEOK Inc.

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Directional Capital to acquire Pizza Hut UK operations

Private Equity Insights

Directional Capital, a private equity firm, is in advanced discussions to acquire Pizza Hut UKs restaurant operations. In November, HWS joined 220 hospitality firms in warning the Chancellor of job cuts and closures caused by the tax increase. The transaction would likely involve a pre-pack administration of HWS.

Capital 130
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Bridgepoint, Cinven, and TDR circle MyDentist in £800m–£900m private equity auction

Private Equity Insights

The sale process, led by Morgan Stanley, is expected to value the business at approximately 800m900m.

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Private equity firm Endless acquires ASCO Group Ltd

Private Equity Insights

Private equity firm Endless acquired ASCO on 11 August 2023. ” Advisors for the vendors were Piper Sandler (Corporate Finance); Ashurst (Legal); and Deloitte (Financial and Tax Due Diligence). Endless were advised by Walker Morris (Legal); KPMG (Tax); Lodestone (Political); Jacksonbreen (IT); and PwC (Debt).