UK private equity group Doughty Hanson has trumped several other buyout firms, including Apax Partners, to win its first Spanish deal.

Doughty has clinched a deal to buy Avanza, a Spanish bus company. Terms of the transaction were not disclosed, but sources close to the deal said it was worth about €600m ($795m).

James Taylor

Santander Central Hispano

National Express

UniCredit

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Coutts hires ex-JPMorgan banker James Todd as next private client boss

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Todd replaces Camilla Stowell who left the NatWest-owned wealth in January

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The Davos founder rejected preliminary findings of misconduct, including improper travel expenses and gifts.

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Doughty beats Apax to Spanish buses

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