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....8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman. L1 Retail, a division of the tycoon’s LetterOne holding company, purchased the retailer from its parent firm, Nature’s Bounty, which is owned by the private equity firm Carlyle. ... [Read full article on Guardian ]
Monday 26th of June 2017 07:53:35 AM
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....Fridman’s L1 outfit has Clive Humby, the data guru behind Tesco’s Clubcard scheme, on its team, so maybe there are clever ways to improve Holland & Barrett’s current loyalty programme. All the same, the biggest winner here is surely the seller, private equity house Carlyle. ... [Read full article on Guardian ]
Monday 26th of June 2017 03:18:46 PM
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Latest Finance News related to Private Equity

Italy's €17bn bank job: self-preservation at a long-term EU price? | Nils Pratley image
....Fridman’s L1 outfit has Clive Humby, the data guru behind Tesco’s Clubcard scheme, on its team, so maybe there are clever ways to improve Holland & Barrett’s current loyalty programme. All the same, the biggest winner here is surely the seller, private equity house Carlyle. ...
Holland & Barrett sold to Russian billionaire for £1.8bn image
Source : Guardian [Read Article] Monday 26th of June 2017 07:53:35 AM
....8bn by a retail investment fund controlled by Russian billionaire Mikhail Fridman. L1 Retail, a division of the tycoon’s LetterOne holding company, purchased the retailer from its parent firm, Nature’s Bounty, which is owned by the private equity firm Carlyle. ...
Qatar and the UK image
Source : BBC [Read Article] Friday 9th of June 2017 04:51:11 AM
.... . But the manner in which Barclays raised the funds is being scrutinised by two UK regulators, the Financial Conduct Authority and the Serious Fraud Office, and there is a separate lawsuit in which the private equity company PCP Partners is claiming £700m from Barclays in allegedly unpaid fees. ...
Advertisers should follow Vodafone's lead after Facebook and Google failures | Nils Pratley image
.... Then came Shawbrook’s confidence-rattling revelation of lending “irregularities” in one division. In the circumstances, you might have expected the board to embrace the takeover approach from Pollen Street, already a 38% owner, plus fellow private equity house BC Partners. ...
Arora brothers cash in £227m of shares from B&M retail chain image
Source : Guardian [Read Article] Friday 2nd of June 2017 12:13:31 PM
....Two brothers who built B&M into a national discount chain selling everything from curtain to biscuits, have cashed in nearly £230m of shares in the fast-growing business – taking their total proceeds from the business since it floated to nearly £1bn. The latest share sale, which cut the Arora brothers’ stake to 15% from about 21%, was part of a placing alongside B&M’s private equity backer, Clayton, Dubilier & Rice, which also sold about £227m of shares. ...
Selling up or selling out? image
Source : BBC [Read Article] Wednesday 31st of May 2017 11:18:14 PM
....It also said it would stop selling Camden beer at its BrewDog pubs, because it didn't want to put money in Ab InBev's pockets. But in April this year BrewDog raised a few eyebrows when it sold a minority stake to US private equity firm TSG Consumer Partners for £213m. ...
UK policymakers face a dilemma over public's slowing demand for credit image
Source : Guardian [Read Article] Wednesday 31st of May 2017 07:17:49 PM
.... They pay lots of tax due on those bonus shares – in this case £70m – which they will cover by selling a few of those shares. But so much more money might have found its way into the companies owned by Melrose if only it didn’t, like a private equity firm, see itself as a vehicle for extracting value and handing it to shareholders. ...
G4S rejoins FTSE 100 as Debenhams drops out of FTSE 250 image
Source : BBC [Read Article] Wednesday 31st of May 2017 05:56:36 PM
....Also moving into the FTSE 250 are: IT services company FDM Group; hedge fund Pershing Square Holdings; fertiliser company Sirius Minerals; and the Georgian TBC Bank Group. Leaving the FTSE 250 along with Debenhams and AO World are: the intellectual property group, Allied Minds; investment specialist, BH Macro; engineering business Keller; and private equity firm SVG Capital. ...
Whole Foods represents the failures of 'conscious capitalism' | Nicole Aschoff image
....3% of the company’s shares and demanding an overhaul. Whole Foods responded by reshuffling its board, bringing in a handful of big box retail stars and promoting Gabrielle Sulzberger, who hails from private equity, to chairwoman. ...
Edinburgh Woollen Mill acquires Jaeger brand in plan for new chain image
Source : Guardian [Read Article] Sunday 28th of May 2017 04:46:27 PM
....The companies, which include the Portuguese clothing supplier Calvelex, tried to mount a rescue bid after Jaeger entered administration last month but found they could not buy the business because the rights to use the name had been sold. Asked about the threat of legal action, Jon Moulton, the boss of Jaeger’s former owner Better Capital, said at the time the private equity firm had gone to great lengths to find a buyer for Jaeger without putting it into insolvency. ...
UK's biggest solar company takes shine to global projects with deals worth £3bn image
....The expertise the company built in the UK, where it fitted panels on 90,000 homes, has proved crucial in winning contracts abroad, he said. Solarcentury recently reached a major deal with Panama-based private equity investor ECOSolar, which takes its international pipeline of solar projects to 3,400MW, equivalent of three conventional power stations. ...
Student housing tempts wealthy investors image
Source : Guardian [Read Article] Friday 26th of May 2017 05:08:32 PM
....“They have seen how much others have made from student housing and want to join them,” Pullan said. “More than 70% of investment is coming from overseas buyers, from sovereign wealth funds and ultra high net worth individuals [people with investable assets of more than $30m] and private equity. ...
Not just Bitcoin... image
Source : BBC [Read Article] Wednesday 24th of May 2017 09:07:22 AM
....Industry members say some companies may be buying up Bitcoin to deploy in the event of a future attack, but they maintained that broader demand is driving price gains. "There's a number of people from family offices [and] private equity firms - they're making small bets and when you add that type of liquidity to the market, that's going to drive the price up," says Mr Crosby. ...
Jaeger suppliers owed millions consider legal action against ex-owners image
.... Several thousand retail jobs are at risk as Store Twenty One, the value fashion chain, and the owner of clothing brands Jacques Vert, Windsmoor and Eastex face a financial crunch. Jaeger was owned by Jon Moulton’s private equity firm Better Capital for five years. ...
Church of England fund sees 'stellar' returns image
Source : BBC [Read Article] Sunday 21st of May 2017 06:34:39 PM
.... . The Church Commissioners said the performance had been partly driven by the drop in the pound following the Brexit vote, but said strong returns from its investments in global equities, private equity and timber had been "equally helpful". ...
Labour's water renationalisation plan is a damp squib | Nils Pratley image
Source : Guardian [Read Article] Tuesday 16th of May 2017 07:34:13 PM
....4% is not the worst trade in the world. And the state, if it wanted to act like a supercharged private equity house, would be able to juice up returns by refinancing the companies’ debt at a lower rate. ...
Adidas finds buyer for its golf unit image
Source : BBC [Read Article] Thursday 11th of May 2017 07:22:31 AM
....KPS Capital Partners will be hoping that it has bought into golf at the bottom of the market. It is a private equity firm, which has previously specialised in buying manufacturing firms. ...
Staley might be right: UK immigration policy could be key to City's future | Nils Pratley image
.... But it seems it hasn’t yet learned about our stock market. The company, owned by the UK private equity firm Bridgepoint, is planning a flotation in New York. ...
Pret a Manger considers putting New York IPO on the menu image
Source : Guardian [Read Article] Wednesday 10th of May 2017 02:23:58 PM
....The owner of Pret a Manger is reportedly exploring a listing on the New York stock exchange, as it eyes up expansion in the $41bn (£32bn) a year US coffee shop market. Bridgepoint, the UK-based private equity firm, is thought to be considering a flotation with JP Morgan and Jefferies as lead advisers. ...
Private equity bids $2.5bn for Sydney Morning Herald owner image
. The owner of Australian newspapers including the Sydney Morning Herald is in takeover talks with a North American private equity consortium. ...
Rich List 2017: UK's super-rich carry on making billions image
Source : BBC [Read Article] Sunday 7th of May 2017 12:04:04 AM
.... . "More women, more people from ethnic backgrounds, and more from surprising walks of life, with egg farmers and pet food makers lining up with hedge fund managers and private equity barons. ...
The Great Recession hurt millions. Now, Republicans want to risk a repeat | Keith Ellison image
....In 2008, the world economy crashed because a bunch of large financial institutions acted irresponsibly. These banks, investment firms, mortgage lenders and private equity fund suckered people into terrible loans and investments, and then engaged in reckless speculation – all to help their bottom line. ...
Voices of the 1%: how do Britain's highest earners feel about their income? image
....20 an hour. However, the pay of chief executives is likely to be eclipsed by those working in hedge funds, private equity and the partners of accountancy and law firms. ...
If Barclays CEO is shown the door, let it be for the right reason | Nils Pratley image
....The chronology is messy, naturally. Staley’s wife banked $160m (£124m) when private equity giant KKR bought Aceco in a $700m deal in 2014. ...
Barclays chief clashes with private equity firm over family dispute image
. Barclays boss Jes Staley has incurred the wrath of one of the bank’s most powerful clients, private equity giant KKR, after backing his brother-in-law in a legal dispute with the buyout house. ...
UK holiday parks hope for staycation boom as pound slides image
Source : Guardian [Read Article] Tuesday 2nd of May 2017 06:01:20 AM
....”. Holiday park firms have become the subject of a flurry of private equity deals, with robust growth and solid revenues catching the eye of investors. ...
Hundreds of IT contractors left unpaid as payroll company ceases trading image
.... Plutus tried to undercut competitors by offering no-fee payroll management services. It was bought last year by a private equity firm, Synep. ...
Cycling fashion outfit Rapha plots route into the fast lane image
Source : Guardian [Read Article] Monday 1st of May 2017 01:44:14 PM
.... It resulted in an unusual set-up with Mottram owning just 12. 5% and the remainder shared among a group that includes the private equity firm Active, which has 20%. ...
21st Century Fox 'in talks' to buy television station group Tribune Media image
. 21st Century Fox is in talks with private equity giant Blackstone to buy Tribune Media, one of America’s largest television station operators, sources familiar with the matter have said. ...
Will Canada's Tim Hortons win over UK coffee fans? image
Source : Guardian [Read Article] Sunday 30th of April 2017 05:31:04 AM
....There is a twist to this all-Canadian tale. Tim Hortons is owned by Burger King parent Restaurant Brands International (RBI), which is located in Canada but controlled by an ownership structure of Brazilian private equity group 3G and US investment firm Berkshire Hathaway. ...
Hard times for Whole Foods: 'People say it's for pretentious people. I can see why' image
....An acquisition would underscore the consolidation of the US food retail industry as the sector prepares to compete against online retailers including Amazon, stores like Walmart and discount chains such as Aldi. Earlier this week, the Financial Times reported that Cerberus Capital Management, the New York private equity firm that owns Albertsons and Safeway, had initiated talks with bankers about making a bid. ...
Pret a Manger tries to woo British workers as Brexit looms image
Source : Guardian [Read Article] Thursday 27th of April 2017 07:01:44 PM
....With 65% of its workforce drawn from EU countries other than Britain, Pret’s director of human resources, Andrea Wareham, told MPs it would struggle to find enough staff if it was forced to turn its back on EU nationals after the UK leaves the European Union. Pret’s attempt to appeal to British school leavers got off to a rocky start last month when the company came under fire after the Guardian reported it was offering 500 teenagers a week of work experience, without pay, to give them a taste of working for the private equity-backed firm. ...
Jimmy Choo seeks well-heeled buyer image
Source : BBC [Read Article] Monday 24th of April 2017 06:35:35 AM
....But it has gone through a number of different owners over the years. Ms Mellon and the first of several different private equity suitors bought out Mr Choo in 2001. ...
Packing a punch image
Source : BBC [Read Article] Sunday 23rd of April 2017 06:58:24 AM
....Elliott itself has made demands on dozens of companies in recent years, turning its attention beyond the technology firms that were once its primary focus. The firm has also branched out its partnerships, working with a private equity firm in at least one instance and taking a large stake in Bentham Ventures, a firm focused on shareholder lawsuits. ...
Government cap on energy prices would spark backlash | Nils Pratley image
Source : Guardian [Read Article] Wednesday 19th of April 2017 06:12:57 PM
....In the distant past, select committees have sometimes been grossly under prepared when tackling business subjects. Those of us who covered the 2007 inquiry into the private equity industry by the Treasury committee remember angry MPs frustrating themselves, and their audience, as they failed to get beyond the jargon. ...
Investors think the election means a softer Brexit – are they right? image
Source : Guardian [Read Article] Tuesday 18th of April 2017 06:40:16 PM
.... If the election delivers a messy result – even a barely improved Tory majority – what would really have changed?. The late Sir Richard George, the businessman who built Weetabix as a family company before selling it to a private equity firm in 2003, understood he was selling a product with limited international appeal. ...
Weetabix sold to US firm after breakfast cereal fails to catch on in China image
....Weetabix is exported to more than 90 countries but the UK accounts for the majority of sales and the brand is a royal warrant holder. It was family-owned until 2004, when it was bought by a Texas private equity firm. ...
Weetabix to be sold to US company Post Holdings image
Source : BBC [Read Article] Monday 17th of April 2017 11:07:28 PM
...."Going forward, Bright will stick to our overseas push," he said. Northamptonshire-based Weetabix, which has a royal warrant, was family-owned until 2004, when it was bought by private equity firm Lion Capital. ...
Higher interest rates. Great idea. Here’s why it won’t happen image
Source : Guardian [Read Article] Saturday 15th of April 2017 04:00:06 PM
....And why wouldn’t they? Plenty of mainstream economists express the same concerns, including policymakers at the Bank of England, the International Monetary Fund, the OECD and the World Bank. After several years of year-on-year growth, runs the argument, higher interest rates will deter banks, insurers and even hedge funds and private equity funds from taking excessive risks to improve their profits. ...
How the beery vision of brewing a small fortune can fall flat image
Source : Guardian [Read Article] Saturday 15th of April 2017 08:59:21 AM
.... Quit the day job, buy the requisite kit and brew up batches of foaming nut-brown ale. If you’re particularly successful, you can cash in your chips by selling to a global mega-brewer, like Camden and Meantime, or make a cool £100m by wooing a private equity backer, as the founders of BrewDog did earlier this month. ...
Bernard Matthews seller 'lined own pockets' by rejecting pension offer image
....The former owners of Bernard Matthews “lined their own pockets” by rejecting a takeover offer that would have protected the turkey producer’s pension scheme in favour of an insolvency process that ensured a greater return for themselves, MPs have claimed. The influential Commons work and pensions select committee said that the move by private equity firm Rutland Partners, which sold the company’s assets for £87. ...
Judges reject US banker's claim to be a genius in divorce case image
Source : Guardian [Read Article] Tuesday 11th of April 2017 01:07:22 PM
....A US banker has been ordered to pay his ex-wife half of the family’s £140m fortune, after the court of appeal rejected his claim that his “genius” outshone her contribution to the marriage. Randy Work, 49, a former executive at Texas-based private equity firm Lone Star, had first claimed that his wife of 20 years, Mandy Gray, was entitled to only £5m because she had “unfortunately” failed to stick to the terms of their prenuptial agreement and had had an affair with the couple’s personal physiotherapist. ...
The new age of Ayn Rand: how she won over Trump and Silicon Valley image
Source : Guardian [Read Article] Monday 10th of April 2017 05:49:09 PM
....What of the current moment, shaping up to be the fourth age of Rand? The Randian politicians are still in place: Ryan is now boosted by a cabinet crammed with objectivists. Secretary of state Rex Tillerson named Atlas Shrugged as his favourite book, while Donald Trump’s first choice (later dropped) as labor secretary, Andy Puzder, is the CEO of a restaurant chain owned by Roark Capital Group – a private equity fund named after the hero of The Fountainhead. ...
Jaeger collapses into administration putting 680 jobs at risk image
Source : Guardian [Read Article] Monday 10th of April 2017 05:06:29 PM
....The brand, which dressed Audrey Hepburn and Marilyn Monroe in its heyday, had been trying to find a buyer to keep its 46 stores going, but its owner threw in the towel on Monday and appointed administrators. The private equity owner of Jaeger, which dates back to 1884, has appointed administrators at Alix Partners after proving unable to find a buyer for a suggested price of £30m. ...
Jaeger clothing chain collapses into administration image
Source : BBC [Read Article] Monday 10th of April 2017 04:13:10 PM
.... . It was acquired by private equity firm Better Capital in 2012, but was put up for sale for about £30m after struggling to boost sales. ...
BrewDog toasts £213m US private equity investment image
Source : BBC [Read Article] Sunday 9th of April 2017 02:08:58 PM
. BrewDog, the Aberdeenshire-based craft brewer, is now worth more than £1bn after selling a stake to a US private equity firm. ...
'Punk' beer maker BrewDog sells 22% of firm to private equity house image
Source : Guardian [Read Article] Sunday 9th of April 2017 01:40:17 PM
....Early investors in “punk” beer firm BrewDog will be able to bank a hefty profit this week. An injection of cash from a private equity house valued the company at £1bn, 10 years after it began life in its co-founder’s mother’s garage. ...
Jaeger going out of fashion puts 700 jobs at risk image
Source : Guardian [Read Article] Friday 7th of April 2017 03:01:10 PM
.... The retailer confirmed on Friday that it had filed a notice of intention to appoint administrators – a step that gives a company protection from creditors for 10 days before potentially tipping into administration. Last week, a mystery buyer bought all Jaeger’s debts from the private equity firm Better Capital for £7m. ...
Arcadia plan sees pension woe pile up for Philip Green image
Source : Guardian [Read Article] Saturday 1st of April 2017 03:00:28 PM
....Independent pension expert John Ralfe said the £1. 3bn in underlying liabilities that underpin the deficit would make it difficult for Green to find a private equity buyer for Arcadia. ...
Government raises £11.8bn with Bradford & Bingley mortgage sale image
Source : Guardian [Read Article] Friday 31st of March 2017 09:15:51 AM
....8bn package of Bradford & Bingley loans bought by the taxpayer at the height of the financial crisis. The loan book will be sold to the insurer Prudential and US private equity firm Blackstone, after what the Treasury described as “a highly competitive sale process”. ...
FTSE 100 slides as South African-exposed firms hit image
Source : BBC [Read Article] Friday 31st of March 2017 07:52:27 AM
....In the FTSE 250, shares in challenger bank Shawbrook soared 11. 5% after it received an £842m takeover offer from private equity firms Pollen Street Capital and BC Partners. ...
Co-operative Bank says it has interest of several credible buyers image
Source : Guardian [Read Article] Friday 24th of March 2017 10:12:57 AM
....Attention is now turning to investment firms and vulture funds which are keen to buy up parts but not all of the business. One City source told Reuters that “a break-up of the bank is inevitable,” citing private equity outfits Cerberus and Apollo as potential buyers. ...
New broom image
Source : BBC [Read Article] Friday 24th of March 2017 12:07:35 AM
....Formula 1 is under new ownership. Control has passed from private equity firm CVC Capital Partners to the US group Liberty Media. ...
1,100 Jones Bootmaker jobs at risk as private equity deal collapses image
Source : Guardian [Read Article] Thursday 23rd of March 2017 07:39:45 PM
....The shoe retailer, which employs 1,145 people, has nearly 100 stores and a handful of concessions in department stores. It is understood to be close to going under after a deal with a private equity firm collapsed. ...
Shoe retailer Brantano goes into administration with 1,000 jobs at risk image
Source : Guardian [Read Article] Wednesday 22nd of March 2017 05:41:07 PM
.... Founded in Belgium in 1953 it expanded into the UK by buying 47 Shoe City shops in 1998. For the last few weeks the company’s private equity owner, Alteri, had been attempting to sell Brantano and another footwear chain, Jones Bootmaker, which it bought along with its sister retailer for about £12m in February 2015. ...
Jamie Oliver to launch new show as part of deal with Channel 4 image
Source : Guardian [Read Article] Monday 20th of March 2017 03:41:50 PM
....6% in 2015, although pre-tax profits fell by 39% to £2. 3m due to fees from its abortive attempt to bring in private equity backing. ...
Former Barclays chief Bob Diamond to buy Panmure Gordon image
Source : Guardian [Read Article] Friday 17th of March 2017 08:15:51 AM
....Diamond had big ambitions for Atlas Mara, which was part of a consortium that last year expressed interest in buying Barclays’s African operations. Partners in the bid included the US private equity firm Carlyle and Atlas Mara indicated at the time that if the deal went ahead, it would likely be taken over by the consortium. ...
Canada Goose shares jump on stock market debut image
Source : BBC [Read Article] Thursday 16th of March 2017 04:50:44 PM
....14. Founded in Toronto 60 years ago, the company was bought by the private equity group Bain Capital in 2013. ...
TV company behind Question Time could sell for up to £300m image
Source : Guardian [Read Article] Wednesday 15th of March 2017 03:54:39 PM
....The Welsh-based international media company, which also owns sports production business Sunset + Vine, is the UK’s last remaining truly independent TV producer. Tinopolis is understood to have circulated a memorandum to a number of media owners and private equity companies that says the firm is considering a range of options, including a sale of the company. ...
Jobs at risk as Jones Bootmaker teeters on brink of administration image
Source : Guardian [Read Article] Tuesday 14th of March 2017 08:09:59 PM
....Hundreds of high street jobs are at risk at Jones Bootmaker as the retailer teeters on the brink of administration. The 160-year-old chain, which is owned by private equity firm Alteri, has filed a notice of intention to appoint administrators as it seeks a buyer. ...
UK government should help companies targeted by foreign bids, says Unilever image
....Paul Polman, chief executive of Unilever – the maker of Marmite, Magnum ice cream and Dove soap – said there should be a level playing field for British companies so they could enjoy the stronger levels of protection that businesses received in other countries. Last month Unilever was the target of a £115bn takeover bid by Kraft Heinz, which was backed by Warren Buffet and private equity firm 3G. ...
Charlotte Hogg image
Source : BBC [Read Article] Tuesday 14th of March 2017 01:51:01 PM
....Her mother Sarah Hogg, Baroness Hailsham, is an economist and former journalist. She was the first woman to chair a FTSE 100 company - the private equity firm 3i - and is a former governor of the BBC. ...
Glad to be sacked image
Source : BBC [Read Article] Monday 13th of March 2017 12:12:20 AM
....After going to university in Cape Town, he trained as an accountant, and moved to the UK in his mid-20s. Mr Gormley then worked in private equity for seven years before joining Sir Richard Branson's Virgin Group. ...
Ferrari gives up F1 stake in exchange for Liberty Media stock image
Source : Guardian [Read Article] Friday 10th of March 2017 04:46:33 PM
....Liberty’s F1 common stock is now listed on the Nasdaq under the ticker FWONK, and sits alongside Liberty’s other assets such as the Atlanta Braves baseball team, a 34% stake in the event promoter Live Nation and minority positions in the media giants Time Warner and Viacom. The acquisition of Delta Topco was fuelled with cash and stock which gave the sellers, led by the private equity firm CVC, a significant stake in Liberty. ...
Government abdicating responsibility for social care, say providers image
Source : Guardian [Read Article] Tuesday 7th of March 2017 07:00:36 AM
.... “What we will start to see is far less services at a time when we have got far more need,” he added. Despite the pressure on the sector, Green defended the large companies in the industry, such as private equity-owned Four Seasons, which have significant debts and are paying millions of pounds in interest ever year. ...
'It was devastating': families and residents suffer as care homes close image
....A couple of miles away, another home, Clyde House, summoned families and delivered the same message. Both are operated by New Century Care, which runs 25 care homes across south-east England and Yorkshire, and was taken over in 2014 by a US private equity firm, Anchorage Capital. ...
City news: Merlin Entertainments, Sportech, and Mike Ashley  image
Source : Daily Express [Read Article] Friday 3rd of March 2017 08:59:00 AM
...._________________________________________________________________. SPORTECH has scored a deal to offload its Football Pools business to private equity firm OpCapita for £83million. ...
Mike Ashley firm buys lingerie firm Agent Provocateur image
Source : BBC [Read Article] Thursday 2nd of March 2017 04:27:32 PM
.... . It has been reported that the firm linked to Mr Ashley paid around £25m after seeing off competition from private equity firm Lion Capital. ...
Agent Provocateur founder brands Mike Ashley's purchase 'a stitch-up' image
Source : Guardian [Read Article] Thursday 2nd of March 2017 12:46:56 PM
....The co-founder of Agent Provocateur has described the sale of the upmarket lingerie retailer to Mike Ashley as “a disgrace to British business” and “preposterous”. Joe Corré, the son of Dame Vivienne Westwood, warned that Ashley and 3i, the private equity fund has offloaded the brand, will “face a phenomenal swath of litigation actions” over the controversial deal. ...
Mitie sells home healthcare business for £2 image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:35:09 AM
....Outsourcing firm Mitie, which has issued three profit warnings in the past year, is selling its home healthcare business for just £2. The buyer is private equity firm Apposite Capital, which will also receive £9. ...
FTSE 100 closes at new record high image
Source : BBC [Read Article] Wednesday 1st of March 2017 09:19:22 AM
....On the FTSE 250, outsourcing firm Mitie Group added 3. 6% after selling its troubled social care businesses for a nominal £2 to private equity firm Apposite Capital. ...
Middle-aged dog walkers to lead Mountain Warehouse across US image
Source : Guardian [Read Article] Monday 27th of February 2017 09:35:52 AM
....Neale is half of a business power couple. His wife Michelle Feeney, who ran self-tanning brand St Tropez, is working on a new beauty business and sits on the advisory board of private equity firm Palatine. ...
Theresa May must take £115bn hint from Kraft Heinz's failed Unilever bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:33:19 PM
. Warren Buffett and his Brazilian private equity chums at 3G, the main players at Kraft Heinz, must process their cheese and beans on another planet. ...
How Unilever foiled Kraft Heinz's £115bn takeover bid image
Source : Guardian [Read Article] Monday 20th of February 2017 07:15:00 PM
....The rapid volte face saw Unilever’s shares fall by nearly 8% on Monday – their worst one-day performance since 2008 – after soaring by 13% on Friday to a record high when the firm revealed it had knocked back an initial approach. Well-placed sources said Kraft Heinz’s key investors – investment guru Warren Buffett and private equity tycoon Jorge Lemann – were forced into a chastening retreat after Unilever made clear the company stood no chance of sealing the second-largest corporate deal in history. ...
Kraft Heinz withdraws Unilever takeover bid image
Source : Guardian [Read Article] Sunday 19th of February 2017 05:28:53 PM
....”. Unions had voiced fears over the 9,000 jobs in Britain that could be affected under a takeover of Unilever by Kraft Heinz, where billionaire investor Warren Buffet owns more than a quarter of the shares and which is also backed by 3G, a Brazilian private equity firm. ...
Another Brexit downside: foreign giants in power grabs for famous British names image
.... GM’s European business has not made a profit in the 21st century and the drop in the value of the pound has made carmaking in the UK even less attractive for a US company. And 3G Capital, the private equity fund that teamed up with Warren Buffett to merge Heinz and Kraft, has a reputation for cost-cutting. ...

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