Slaughter and May’s emerging buy-out practice has been dealt a blow by client GE Equity following the decision of its parent company General Electric to downsize its private equity arm.
GE Equity has been told not to make any new investments and to scale down its £2bn portfolio of investments, which span 250 companies worldwide. The news is a loss to Slaughters, which has advised the private equity arm for a number of years, although the firm insists it will continue to act for long-term client General
Electric.
