Phoenix float almost there May 31, 2010 PHOENIX Group is set to announce its premium listing on the London Stock Exchange this week . It has been involved in crunch talks with investors, including its founder, pizza entrepreneur Hugh Osmond, over a number of special shares. The contingent rights were issued when investors agreed to take a 70 per cent hit on [...]
Pizza boss Osmond to get a slice of £100m from Pearl April 5, 2010 Private equity owners Hugh Osmond and Manjit Dale stand to gain more than £100m in the run-in to the summer listing of Phoenix. The pair, through their respective vehicles Sun Capital and TDR Capital, own contingent rights to more than 20m unissued shares in Phoenix, the new name for zombie life assurance fund Pearl. These [...]
OSMOND HIKES PHOENIX STAKE June 29, 2010 HUGH Osmond, the entrepreneur, has spent around £1.4m to raise his stake in the closed life funds bid vehicle Phoenix Group. After buying 212,000 shares at 640p per share, Osmond’s Sun Capital unit now owns more than 19 per cent of Phoenix, with a further 18 per cent held by private equity firm TDR. Phoenix [...]
OSMOND HIKES PHOENIX STAKE June 29, 2010 HUGH Osmond, the entrepreneur, has spent around £1.4m to raise his stake in the closed life funds bid vehicle Phoenix Group. After buying 212,000 shares at 640p per share, Osmond’s Sun Capital unit now owns more than 19 per cent of Phoenix, with a further 18 per cent held by private equity firm TDR. Phoenix [...]
CITY MOVES | WHO’S SWITCHING JOBS February 11, 2010 HSBC The bank has appointed Chris Barrow as global head of sales for its recently-launched HSBC Prime Services business, targeted at hedge funds and institutional fund managers across Europe and Asia. Barrow joins from Nomura, where he was international head of sales for prime services, and has also worked as head of sales and marketing [...]
Osmond set for lesser role June 3, 2009 HUGH Osmond’s role at Pearl Assurance, the highly-indebted insurance group, will be the subject of intense debate over the next few days as banks and shareholders close in on a refinancing deal. The banks have made it a condition of the deal that Osmond’s influence on the company is reduced, City A.M. has learned. In [...]