Oz entrepreneur sells start-up to WorldPay May 3, 2011 LONDON-based entrepreneur Phil McGriskin (pictured) is set to sell his internet payment business Envoy Services to WorldPay, the global payments provider, in a deal believed to be worth £70m, just five years after launching it. Australian Phil McGriskin, 37, a surfing fanatic who moved to London in 1996, set up Envoy Services in 2006 with [...]
MEET THE ADVISERS May 3, 2011 ROTHSCHILD is advising Envoy Services on the offer from WorldPay, with Hedley Goldberg, managing director heading the team. Goldberg has led the Rothschild team advising Royal Bank of Scotland on the £925m sale of the Priory Group to Advent and advised Bridgepoint Capital on its £424m bid for Care UK. Goldberg joined Rothschild in 2001 [...]
CITY MOVES | WHO’S SWITCHING JOBS October 31, 2010 Marriott Harrison The City law firm has taken on Hadleigh Graves as a partner in its media and technology practice. Graves was previously a partner at music specialist law firm Statham Gill Davies and also an M&A and private equity lawyer at Ashurst. He has particular expertise in music industry-based M&A and joint ventures, as [...]
ANALYST VIEWS: WHAT DO YOU THINK OF THE NEW REGULATIONS? September 15, 2010 FOLAKE SHASANYA | DIRECTOR AFME “We welcome the proposals to help increase transparency and reduce credit and operational risk in the market. But more work will be needed to analyse whether these proposals could help mitigate systemic risk.” JAMES COILEY| PARTNER AT ASHURST Although the text of the proposal is balanced, it permits national regulators [...]
BARCAP WINS BRAGGING RIGHTS IN A SQUARE MILE RELAY VICTORY September 9, 2010 TO THE heart of London’s financial community last night for one of the most eagerly-anticipated competitive moments of the year – the annual Bloomberg Square Mile Relay. No less than 100 teams of ten runners thronged the streets to take part in the relay, after months of boot camp-style training regimes to win bragging rights [...]
URS wins battle for Scott Wilson as trumps CH2M with a £223m offer June 30, 2010 ENGINEERING giant URS said yesterday it was offering 290p in cash for each Scott Wilson share, 18 per cent higher than Tuesday’s bid of 245p from Colorado-headquartered CH2M and 38 per cent above its original offer of 210p on Monday. The move, valuing the company at approximately £223m, ends a bidding war for Basingstoke-based Scott [...]
Faroe Petroleum raises fresh funds for exploration and drilling programmes April 27, 2010 FAROE Petroleum said yesterday it would raise £69.8m in a rights issue to fund its exploration and drilling programmes. The fundraising will allow the Aberdeen based company to drill up to eight new wells over the next two years, bringing its total to sixteen. The AIM listed oil and gas company also plans to apply [...]
CITY MOVES | WHO’S SWITCHING JOBS April 21, 2010 Royal London Asset Management The asset management firm has promoted Ian Goulsbra to the role of head of wholesale relationships, effective immediately Goulsbra joined RLAM in 2007 as a business development manager for the south of England. He was previously at Premier Asset Management, where he was head of institutional sales, and also spent time [...]
Ofcom feels the heat over sports ruling March 31, 2010 OFCOM faced a fierce backlash to its landmark ruling yesterday as broadcasters and sporting bodies rounded on the embattled regulator. BSkyB vowed to carry out its threat to fight the ruling through the courts, hiring high powered City law firm Herbert Smith. The decision means the wholesale prices Sky is allowed to charge rivals including [...]
CITY MOVES | WHO’S SWITCHING JOBS March 31, 2010 RBC Wealth Management The wealth manager, part of the Royal Bank of Canada, has appointed Sarah Macdonald as a director, focusing on UK entrepreneurial clients. Macdonald has worked for over a decade in the financial services industry at both Barclays Wealth and Morgan Stanley. She specialises in advising high net worth clients on asset management [...]