Private equity firms build up their stakes

摘要

Private equity houses will take a controlling stake in two major businesses in the coming weeks. GSO Capital - the credit division of private equity giant Blackstone - is taking a 50 per cent stake in private housebuilding, property development and construction firm Miller Group through a five-year £160m financing deal. And Cavendish Square Partners, a joint venture majority-owned by private equity house Coller Capital, is to take controlling interests in Apollo and Keepmoat as part of the £1 billion merger of the social housing contractors later this month after the move was approved by the Office of Fair Trading before Christmas.