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Bloomberg

UK Tycoon Souter's Family Office Seeks Deals Amid Global Tension

By An investment firm for Brian Souter, who built one of the world's biggest transport fortunes, plans to keep striking deals even as other money managers curb risk-taking amid heightened volatility in global markets. The Stagecoach co-founder's namesake family office is staying alert to new investments in private equity, where it's carved out a niche allocating to companies below the radar of buyout giants such as Blackstone Inc., according to the Scottish tycoon. The Edinburgh-based firm co-invested last month with Horizon Capital in acquiring a majority stake in consulting firm ERA Group for an undisclosed sum, and it's already lining up further deals.