Guy Hands’ View

Archive for the ‘private equity’ Category

Alignment between GPs and LPs is at a low ebb

To consider where the global private equity industry is at the end of 2015, we need to consider where it started. The industry began back in the 1970s, when club deals went on to become the first private equity funds of the 1980s. In those days, deals were backed by a small number of investors, and the GPs typically invested a substantial amount of their own money in the funds. There was an almost perfect alignment of interest between GPs and LPs. Read more.

Care homes are struggling – Osborne must act to protect the vulnerable

In 2012 Terra Firma [the private equity firm of which Guy Hands is founder and chairman] purchased Four Seasons Healthcare, the UK’s largest care home operator. The debate over the future of care for the elderly in Britain is a subject about which I feel passionately. It is not just an economic issue but also an issue as to where the UK wants to go with regard to providing care for some of the most vulnerable people in society. Read more.

Individual need must be the focus of elderly care

The increase in life expectancy highlights the need for better elderly care. Even as the debate between domiciliary and residential care continues, it is evident that the existing divide between health and social care needs to be replaced, argues Guy Hands.

The NHS, as always, was a major battleground during the election. But while there were plenty of angry clashes and big promises over funding, almost no attention was given to the crisis in social care.

Yet how our growing elderly population is supported is not just one of the most serious challenges facing the country but at the heart of the NHS’s problems. Read more.

Defence Spending Will Have to Be Increased to Contain a Resurgent Russia

The announcement that another £500 million is to be saved this year from the UK’s defence budget has raised fresh question marks over whether Britain will meet its pledge to spend two per cent of GDP on defence. It’s an embarrassment for David Cameron because only last year he called on fellow NATO leaders to join Britain in meeting the goal – something only three other countries out of the 29 members were achieving. Read more.