BusinessCorporate FinancePrivate equity bosses face Treasury grilling

Private equity bosses face Treasury grilling

Five leading private equity executives to stand before Treasury select committee for the first time

The
Treasury select committee
is to question five top private equity
executives on June 20 as part of an inquiry into the industry.

The hearing will be held publically, and will mark the first time that senior
private equity leaders have had to answer to politicians,
the FT
reports.

David Buffini, managing partner of Permira, Dominic Murphy of
KKR , 3i’s Philip Yea,
Blackstone’s David Blitzer and Robert Easton from Carlyle will all attend the
hearing.

The Treasury select committee, led by John McFall, are expected to take a
robust approach when questioning the private equity heads. The tax regime and
the large amounts of debt used to finance deals are all expected to crop up as
topics.

Further reading:

LSE boss slams ‘unfair’ tax system

CBI warns against private equity clampdown

Heer launches private equity funds

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