RPC extends deadline again for private equity suitors November 5, 2018 FTSE 250 packaging company RPC today said it had asked regulators to extend the deadline for two potential private equity bidders to make a firm offer for the company. Plastics maker RPC had previously announced that it was in discussions with private equity firms Apollo Global Management and Bain Capital. Under takeover rules the pair [...]
Investors positive about investing in UK post-Brexit November 5, 2018 Investors are more positive about investing in the UK post-Brexit this year than they were last year, according to a survey released today. The research shows that 62 per cent of investors are more likely to invest in the UK post-Brexit, up from 31 per cent last year. Overall 88 per cent of investors said [...]
A second referendum would not heal the country’s divisions but it would unleash a fresh wave of uncertainty November 4, 2018 Business leaders will this week hurl themselves back into the Brexit debate as some of the most high-profile figures from corporate Britain join the campaign for a second referendum. They were pretty vocal during the first one, with a series of interventions and letters used to highlight the legitimate concerns that many sectors and firms [...]
IWG boss mulling £2.2bn break-up of serviced office space business November 3, 2018 The world’s largest serviced office space provider is mulling a £2.2bn split which could result in swathes of the company’s international portfolio being sold off, according to Sky News. Mark Dixon, who runs IWG and founded the company under its original Regus brand, is said to be weighing up plans to split the firm into two [...]
The City helps fuel economic growth right across the country, so be wary of those who want to clip its wings October 28, 2018 One of the most pernicious elements of Labour's current economic platform is the idea that the City is entirely distinct from (and damaging to) the so-called real economy. Jeremy Corbyn and John McDonnell's stump speeches routinely contain attacks on predatory bankers, fat-cats and financial speculators. The labour leader also seems to have a personal vendetta against [...]
Largest UK vet clinic chain Independent Vetcare Group to be put up for £1.5bn auction October 24, 2018 The UK's largest chain of veterinary surgeries, Independent Vetcare Group (IVC), is set to be put up for auction. Controlling shareholder, Swedish-based private equity house EQT Partners, has commissioned US investment bank Jefferies to launch an auction of IVC in the coming weeks, Sky News reports. Read more: What happens to our pets when we fly Insiders [...]
Craft beer brand Brewdog is trying to mature after a tough year of marketing disasters October 22, 2018 It’s been a tough year for Brewdog, much of it the brand’s own fault. Tone-deaf advertising campaigns and PR mishaps have frustrated its fans and “equity punk” investors (I speak from personal experience – I’ve been a shareholder since 2015). The Scottish craft beer brewer, founded in 2007, is as well known for its marketing stunts as [...]
Leaseplan cancels planned float as stock markets wobble October 11, 2018 Car leasing group Leaseplan today announced it was cancelling its planned initial public offering (IPO) just a week after confirming its float plans. The private equity-backed company, which has a market capitalisation of more than €6bn (£5.2bn), blamed market conditions for its decision. Leaseplan said last week that it was planning to float on the [...]
Hiring for success with Joss Search founder and recruitment expert Sivan Joss October 8, 2018 Recruitment gets a bad rep. There’s a cliche that recruiters are wheeler-dealers, who always call at the worst time, don’t listen to what candidates or clients want, and are just scheming to get jobseekers into any role possible, regardless of whether or not they’re qualified. But while some of you reading may have had bad [...]
Terra Firma founder Guy Hands launches new special opportunities fund to buy Finnish modular building company October 4, 2018 Private equity tycoon Guy Hands has launched a new special opportunities fund that has invested in Finnish modular building company Parmaco. The deal, which comes after the £4bn refinancing and recapitalisation of Annington Homes in July last year, will see a Terra Firma led consortium acquire Parmaco from Finnish private equity group MB Funds. Read more: Guy Hands plotting £1.3bn sale of Italian solar [...]