BVCA-TUC roundtable talks

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date: 4 February 2008

embargo: immediate

This afternoon, representatives from trade unions and the BVCA - The British Private Equity and Venture Capital Association, met, at the BVCA's offices, for the second in a series of roundtable discussions, which began last year.

Both parties believe the continuation of the dialogue opened last year has signalled a positive step forward and recognise the importance of keeping the lines of communication open.

BVCA Chairman Wol Kolade said: 'The discussions today have covered some important issues, and there have been some welcome areas of common ground between our industry and the trade unions, specifically on skills and social investment. We look forward to looking at ways we can work together in the future.'

TUC General Secretary Brendan Barber said: 'It's always good to talk, and we have continued and extended our dialogue today. Of course unions continue their critique of some aspects of private equity, but it is important that we engage with an increasingly important group of employers'

Another meeting is planned for later this year.

NOTES TO EDITORS:

i. The meeting involved Wol Kolade, BVCA Chairman and ISIS EP, Simon Walker BVCA Chief Executive, Jeremy Hand, BVCA Vice -Chairman, Lyceum Capital LLP, Sir Mike Rake - Chairman of the Guideline Monitoring and Review Group, Adrian Beecroft - Apax Partners, David Blitzer - Blackstone Group International Ltd, Phil Newborough- Bridges Community Ventures Ltd, Jonathan Feuer - CVC Capital Partners Ltd, Lord Clive Hollick - KKR, Ian Sellars - Permira, Jo Taylor - 3i, Susan Anderson - CBI, Jack Dromey - Unite T&G, Brendan Barber - TUC, Paul Kenny - GMB, Philip Jennings - UNI, John Monks - ETUC, Pierre Habbard - TUAC (OECD), Clare Moody - Unite Amicus, Adam Lent - TUC, Janet Williamson - TUC, Paul Noon - Prospect

ii. For more information about the BVCA and its work go to www.bvca.co.uk

iii. All TUC press releases can be found at www.tuc.org.uk

iv. iv. Register for the TUC's press extranet: a service exclusive to journalists wanting to access pre embargo releases and reports from the TUC. Visit ww.tuc.org.uk/pressextranet

Contacts:

Media enquiries:
Liz Chinchen T: 020 7467 1248 M: 07778 158175 E: media@tuc.org.uk
Rob Holdsworth T: 020 7467 1372 M: 07717 531150 E: rholdsworth@tuc.org.uk
Elly Brenchley T: 020 7467 1337 M: 07900 910624 E: ebrenchley@tuc.org.uk

Nicole Osborne, BVCA, 07795 022 640 or Elle Dormer, BVCA, 07739 728 079

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