Blood takes chair at Waverley

Former Scottish & Newcastle (S&N) managing director Jeremy Blood is to become chairman at Waverley TBS after Manfield Partners backed a management buyout of the business from Heineken, Britain’s largest brewer. The takeover, at an undisclosed price, comes after Heineken significantly restructured Waverley following its £7.8bn joint acquisition of S&N with Carlsberg in 2008. Blood is one of five partners at Manfield.