Carlyle Group to buy insurance service Sedgwick for £5.1bn September 12, 2018 Private equity firm The Carlyle Group has acquired US insurance claims service provider Sedgwick for $6.7bn (£5.1bn). Current majority shareholder KKR will exit the group and Stone Point Capital, CDPQ and Sedgwick management will remain minority shareholders when the deal coses later this year. Read more: Plastic packaging giant RPC confirms buyout talks with Apollo and Bain [...]
Get the picture: The future of art is becoming transparent September 12, 2018 “Damien Hirst should run Lehman Brothers,” quipped an art collector after the artist’s outstanding auction the day after the investment bank’s collapse in September 2008. While the famed artist may have faded from the news, the art market has proliferated for most of the decade since. In these 10 years, those wanting to collect art, participate [...]
Business can reap the rewards of longer life, but only if we avert the looming care crisis September 12, 2018 That everyone is living longer is a fantastic achievement. Not just for individuals, but for society. We have seen incredible advances in life expectancy – and in 15 years, the UK will have 1.2m more people aged 85 than today. But there is no point living those extra years if we spend them in poor [...]
It’s time to make rent count when assessing creditworthiness September 12, 2018 Have you ever wondered if your credit report reflects your rental history? Given over half of people living in London rent their home, it might surprise you to learn that no matter how good you are at paying your rent on time, this isn’t necessarily reflected in your credit report. Why does this matter? Your [...]
NEX Exchange Profile – Chapel Down Group PLC September 12, 2018 | Sponsored Frazer Thompson heads up the UK’s most successful wine producer- the Chapel Down Group, which is quoted on NEX Exchange. Aside from a multitude of accolades and awards for its wines, the company really came to the notice of the general public in 2011, when Chapel Down was widely reported to have been served at [...]
As seen on TV: We get some tips on investing in film memorabilia September 12, 2018 I wasn't expecting to, but I grinned excitedly when I saw – with my very own eyes – two of the wand boxes from the first Harry Potter film. Maybe that’s just my inner fangirl shining through, but it’s that emotional reaction that has made the film memorabilia industry so huge. It’s that rare glimpse [...]
City Moves for 12 September 2018 – who’s switching jobs at WH Ireland, LGB Corporate Finance and Global Processing Services? September 12, 2018 Today's City Moves covers compliance, finance and payment services. Take a look at these movers and shakers: WH Ireland WH Ireland has appointed the highly experienced Susan Brooksbank, as the group’s head of compliance and risk. This appointment comes at a crucial time, as regulatory demands on firms continue to increase and WH Ireland looks [...]
Private equity group Abraaj closes London office as cost-cutting continues September 11, 2018 Dubai-headquartered private equity giant Abraaj is closing its London office as part of cost-cutting measures ahead of the sale of its fund management unit. Liquidator PwC confirmed the closure of the company's Mayfair base and said it is part of normal money saving activities during an insolvency process. Read more: TGI Friday’s private equity owner Electra ends buyout talks The [...]
Six warning signs for fund investors September 11, 2018 | City Talk Knowing when to avoid or sell a fund can be tricky. Rob Morgan highlights some of the warning signs Charles Stanley’s Collectives Research Team look out for and how they spot them. Fund manager change This is probably the most obvious warning sign, but it doesn’t necessarily make the fund a ‘sell’. Many funds [...]
Fraud detection firm Ravelin announces £8m Series B funding September 11, 2018 London-based fraud and risk prediction company Ravelin has announced an £8m Series B financing round to fund expansion in the U.S. European private equity firm Blackfin Capital Partners led the round with existing backers Amadeus Capital Partners, Passion Capital and Playfair Capital retaining their stakes. Read more: Challenger banking app Monese lands $60m funding round Ravelin, which has [...]
