Alexandra Heal

Changes unveiled in Rachel Reeves’ Budget mean the performance fee will be treated as income from 2026

Fund managers are fighting to secure investors’ money in a tough environment

Deal values Nord Anglia at $14.5bn as private equity groups dive into education sector

Private equity group has offered £800mn for provider of digital training

Buyout firms EQT and Permira are also in the running for the mid-tier accountancy firm

Private equity firms meeting in Paris say they are hell-bent on returning cash to investors after higher interest rates hurt returns

Luxembourg-based firm’s chief says looming changes could prompt staff to leave country

HIG and CapVest are latest to express interest in auction for the biggest supplier of goods to British pharmacies

Hundreds of employees from Builder.ai, one of the UK’s best-funded technology start-ups, gathered last summer in Vietnam for a lavish “off-site” company meeting. At a five-star hotel in the centre of Ho Chi Minh City, they were treated to performances by local dancers and DJs. Chief executive and founder Sachin Dev Duggal, shadowed at times on the trip by a personal bodyguard, took to a stage to interview figures such as former Apple executive Tony Fadell and Serena Williams’s former tennis coa…

The entrepreneurs behind Builder.ai, one of the UK’s best-funded technology start-ups, have been named by authorities in India in relation to high-profile criminal probes in the country, the Financial Times can reveal. Sachin Dev Duggal has been described as a suspect in a money laundering investigation, while Saurabh Dhoot is accused in the charge sheet of a loan fraud case, according to court documents.Both have previously been described as the co-founders of Builder.ai, a London-based busine…