Alpinvest executives lean towards management buy-out

The management of pension fund private equity group Alpinvest is looking into the possibility of a buy-out, the Financieele Dagblad reports on Thursday.


The paper said two weeks ago Alpinvest had been put up for sale partly because of controversies over the bonuses paid to senior staff.
Alpinvest, one of the biggest private equity groups in the world, is jointly owned by the civil service pension fund ABP and health service fund PGGM.
However, the paper claims sources at Alpinvest say its owners would not welcome a management buyout because of the huge bonuses senior executives have earned in the past.
In particular union members on the supervisory boards are unhappy with the bonus structure.
Neither Alpinvest or the pension funds have officially confirmed that a sale is pending.
In 2007, 50 Alpinvest staff had a share in a €150m bonus payout, the paper says.
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