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Private Equity Groups – What Role Now?

On a day of mixed fortunes for the private equity companies, Titan Business Insurance wonders who got the best deal out of the numerous companies sold before the crash?

As the UK economy shows the first tentative signs of recovery, one of the UK’s largest business insurance brokers is wondering how the private equity groups, which grew to prominence in the decade before the crash of 2008, will fair over the coming years.

Titan Business Insurance is very active with SMEs across the UK and believes that it’s this sector which will help drive the recovery forward, but also believes that the private equity groups will have to tailor their approach to the new realities of the UK business environment.

Titan highlights two announcements made on the same day which perfectly illustrates the mixed fortunes being faced by private equity groups. Home fittings company Homeform, owned by private equity group Sun Capital Partners, is to go into administration; and, the famous RAC, has been acquired by US private equity firm Carlyle Group, from Aviva, for £1 billion.

As the recovery begins, Titan believes that the private equity sector will be able to demonstrate some great successes, but also some major failures.

Chief Executive Officer of Titan Business Insurance, Basil Tsapralis, said:
“Private equity groups are either, depending on your view, champions of capitalism which boost shareholder return from sleepy companies, or asset strippers which are there to make a fast buck. It will be interesting to see when the dust settles on the crash and there’s more time for hindsight, whether many company management teams actually turned the table on the private equity groups and got out at the top, leaving the buyers with huge problems to handle through the turbulent economic waters.”

Handling business insurance throughout the UK, Titan is one of the largest brokers in the sector and offers a personal service, and very competitive prices.

Contact: Titan Insurance on 0207 731 3700 for any enquires.

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Titan Insurance Services Limited is an independent intermediary, is authorised and regulated by the Financial Conduct Authority
and is entered on the FCA register (www.fca.org.uk) under reference 308143
Registered Office: Caprini House, 163 to 173 Praed Street, London W2 1RH
Registered in England No. 2078796
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