News

Source: http://www.tuc.org.uk/newsroom/tuc-13490-f0.cfm



At the invitation of TUC General Secretary Brendan Barber, representatives from trade unions and the BVCA - the British Private Equity and Venture Capital Association - today (Tuesday) met for a roundtable discussion at Congress House. At the invitation of the BVCA, another meeting is planned for the autumn.

The tone of the meeting was positive and while there is much ground still to be covered, both parties believe a good start has been made.

TUC General Secretary Brendan Barber said: 'I welcome the opportunity for

dialogue between unions and private equity. Our concerns about the growth

of private equity are well known, but with private equity now employing one

in twelve of the private sector workforce it makes sense for trade unions

to engage with an increasingly important group of employers.'

BVCA Chairman Wol Kolade said: 'Today's meeting is the first of two planned roundtables. We look forward to these meetings and to an open exchange of views. We hope they set a pattern of regular dialogue between the BVCA and the TUC.'



NOTES TO EDITORS:

- The meeting involved representatives from 3i, Apax Partners, Bridgepoint, BVCA, CBI, CVC, Hermes Private Equity, ISIS Equity Partners, KKR, Lyceum Capital, Permira, ETUC, GMB, TUAC, UNI, Unite - Amicus, Unite - T&G and the Party of European Socialists.

- The BVCA represents virtually every UK based private equity and venture capital business.

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

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



Contacts:

Media enquiries: BVCA: Nicole Osborne T: 020 7025 2950 M: 07795 022 640/TUC: Liz Chinchen T: 020 7467 1248; M: 07778 158175; E: media@tuc.org.uk

Press release (300 words) issued 10 Jul 2007