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Permira
Permira Holdings Limited is a British global investment firm specialised in buyouts, growth funds, equity funds, and credit funds. Founded in 1985 as part of Schroders, it became independent in 1996. Operating as Permira since 2001, the company became one of the largest buyout specialists. , Permira advises funds with total committed capital of €80 billion, which have invested in more than 300 companies worldwide. The company employs over 470 people in 15 offices across Europe, North America and Asia. In June 2024, Permira ranked 20th in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History In the 1980s, J. Henry Schroder Wagg, a multinational asset management company, developed a concept for private equity funds to finance management buyouts. It operated as Schroder Ventures, headquartered in the UK. Nicholas Ferguson (businessman), Nicholas Ferguson was appointed Chairperson, chairman. In many European countries like German ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Cognis
Cognis was a worldwide supplier of specialty chemicals and nutritional ingredients, headquartered in Monheim am Rhein, North Rhine-Westphalia, Germany. The company employs about 5,600 people and operates production or service centers in almost 30 countries. Cognis was acquired by BASF in 2010. Cognis was an integrated part of Henkel, a German consumer products company, until 2000, when it became an operationally independent business unit. In November 2001, Cognis was bought by private equity funds Permira, GS Capital Partners and SV Life Sciences. BASF reached an agreement with Cognis Holding Luxembourg S.à r.l. — which is controlled by Permira Funds, GS Capital Partners and SV Life Sciences — to acquire the specialty chemicals company Cognis for an equity purchase price of €700 million. Including net financial debt and pension obligations, the enterprise value of the transaction is €3.1 billion. The acquisition is subject to clearance by the competent merger control au ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The AA
AA Limited, trading as The AA, is a British motoring association. Founded in 1905, it provides vehicle insurance, Driver's education, driving lessons, breakdown cover, loans, motoring advice, road maps and other services. The association Demutualization, demutualised in 1999, to become a private limited company, and from 2014 a public limited company (PLC). In 2002 the IAM Motoring Trust, AA Motoring Trust was created to continue its public interest and road safety activities. In 2021, a consortium led by Tower Brook Capital Partners and Warburg Pincus completed the acquisition of AA Limited (formerly known as AA PLC). History Charitable association The Automobile Association was founded in 1905 by William John Bosworth, to help motorists avoid police speed traps, in response to the Motor Car Act 1903 which introduced new penalties for breaking the speed limit, for reckless driving with fines, List of UK driving licence endorsements, endorsements and the possibility of jail fo ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Acromas Holdings
Acromas Holdings is a holding company formed in May 2007 by Charterhouse Capital Partners, CVC Capital Partners and Permira, to act as the parent company of Automobile Association and Saga, ahead of the companies' mergers in September 2007. Acromas listed Saga on the London Stock Exchange through an initial public offering An initial public offering (IPO) or stock launch is a public offering in which shares of a company are sold to institutional investors and usually also to retail (individual) investors. An IPO is typically underwritten by one or more investm ... (IPO) in May 2014, followed by The AA in June that year. References External links * Companies based in Kent Holding companies established in 2007 British companies established in 2007 2007 establishments in England Permira companies Health care companies of the United Kingdom CVC Capital Partners companies {{England-company-stub ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CVC Capital Partners
CVC Capital Partners plc is a Jersey-based private equity and investment advisory firm with approximately €186 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European, and Asian private equity, secondaries, credit funds and infrastructure. As of 31 December 2021, the funds managed or advised by CVC are invested in more than 100 companies worldwide, employing over 450,000 people in numerous countries. CVC was founded in 1981 and, as of 31 March 2022, has over 850 employees working across its network of 25 offices throughout EMEA, Asia and the Americas. In 2023, it raised the largest ever raised private equity fund globally at €26 billion. In June 2024, CVC Capital Partners ranked fourth in Private Equity International's PEI 300 ranking among the world's largest private equity firms. History By the early 1990s, Michael Smith, who joined Citicorp in 1982, was leading Citicorp Venture Capital in Europ ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Management Buyout
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France. Overview Management buyouts are similar in all major legal aspects to any other acquisition of a company. The particular nature of the MBO lies in the position of the buyers as managers of the company and the practical consequences that follow from that. In particular, the due diligence process is likely to be limited as the buyers already have full knowledge of the company available to them. The seller is also unlikely to give any but the most ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Saga Plc
Saga is a British company focused on serving the needs of those aged 50 and over. It has 2.7 million customers. The company operates sites on the Kent and Sussex coast: Enbrook Park and Priory Square. It is listed on the London Stock Exchange. History Early history The business was founded by Sidney De Haan in 1951 and was passed to his son Roger De Haan who took over in 1984 after his father's retirement. Saga was acquired by staff (20%) backed by the private equity firm Charterhouse in October 2004. Saga merged with The AA (owned by CVC and Permira) to form Acromas Holdings. In July 2011, Saga acquired Allied Healthcare. On 31 January 2015, it wrote it down to zero, and then sold it, at a small net profit, to Aurelius Group in December 2015. In May 2014, Saga Group Ltd was successfully listed on the London Stock Exchange as Saga PLC. Also in 2014, Saga acquired Bolton based luxury holiday company, Destinology. In January 2020, Saga appointed Euan Sutherland as CEO of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Centrica
Centrica plc is a British multinational energy and services company with its headquarters in Windsor, Berkshire, England. It is the largest supplier of gas to domestic customers in the United Kingdom, and one of the largest suppliers of electricity, operating under the trading names British Gas in England and Wales, Scottish Gas in Scotland, and Bord Gáis Energy in Ireland. Centrica is listed on the London Stock Exchange, and is a constituent of the FTSE 100 Index. History Predecessors The company has its historical origin in the Gas Light and Coke Company which incorporated in 1812. Over the next 137 years, it grew by acquisition of other gas companies to become the primary supplier of gas to Greater London. In 1949, under the Gas Act 1948 the ownership of the company transferred to a government agency, North Thames Gas Board. The various area gas boards were merged into the national British Gas Corporation in 1973. The Gas Act 1986 sold the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Schomberg House
Schomberg House at 80–82 Pall Mall is a prominent house on the south side of Pall Mall, London, Pall Mall in central London which has a colourful history. Only the street facade survives today. It was built for Meinhardt Schomberg, 3rd Duke of Schomberg, the 3rd Duke of Schomberg, a Huguenot general in the service of the British Crown. It was adapted from Portland House, which in turn had been created by the Earl of Portland, Countess of Portland by converting two houses into a single residence. Work began in 1694, the year after the duke inherited his title. The street facade of Schomberg House is striking and rather unusual for a London mansion. It is of red brick, with four main storeys above the basement. The facade's street-level entrance porticoes and decorative work is made of ''Lithodipyra'' (Coade stone) manufactured by Eleanor Coade. It is nine windows wide, with the central three bays projecting slightly and topped by a pediment, and the two end bays projecting bol ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Kong
Hong Kong)., Legally Hong Kong, China in international treaties and organizations. is a special administrative region of China. With 7.5 million residents in a territory, Hong Kong is the fourth most densely populated region in the world. Hong Kong was established as a colony of the British Empire after the Qing dynasty ceded Hong Kong Island in 1841–1842 as a consequence of losing the First Opium War. The colony expanded to the Kowloon Peninsula in 1860 and was further extended when the United Kingdom obtained a 99-year lease of the New Territories in 1898. Hong Kong was occupied by Japan from 1941 to 1945 during World War II. The territory was handed over from the United Kingdom to China in 1997. Hong Kong maintains separate governing and economic systems from that of mainland China under the principle of one country, two systems. Originally a sparsely populated area of farming and fishing villages,. the territory is now one of the world's most signific ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
St Peter Port
St. Peter Port () is a town and one of the ten parishes on the island of Guernsey in the Channel Islands. It is the capital of the Bailiwick of Guernsey as well as the main port. The population in 2019 was 18,958. St. Peter Port is a small town (commonly referred to by locals as just "town") consisting mostly of steep, narrow streets and steps on the overlooking slopes. It is known that a trading post/town existed here before Roman times with a pre-Christian name which has not survived. The parish covers an area of 6.5 km2. The postal code for addresses in the parish starts with GY1. People from St. Peter Port were nicknamed "les Villais" (the townspeople) or "cllichards" in Guernésiais. Geography St. Peter Port is on the east coast of Guernsey overlooking Herm and the tiny Jethou; a further channel separates Sark and surrounding islets such as Brecqhou; Normandy's long Cotentin Peninsula and, to the south-east, Jersey are visible in very clear conditions from some of ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Independent
''The Independent'' is a British online newspaper. It was established in 1986 as a national morning printed paper. Nicknamed the ''Indy'', it began as a broadsheet and changed to tabloid format in 2003. The last printed edition was published on Saturday 26 March 2016, leaving only the online edition. The daily edition was named National Newspaper of the Year at the 2004 British Press Awards. ''The Independent'' won the Brand of the Year Award in The Drum Awards for Online Media 2023. History 1980s Launched in 1986, the first issue of ''The Independent'' was published on 7 October in broadsheet format.Dennis Griffiths (ed.) ''The Encyclopedia of the British Press, 1422–1992'', London & Basingstoke: Macmillan, 1992, p. 330. It was produced by Newspaper Publishing plc and created by Andreas Whittam Smith, Stephen Glover and Matthew Symonds. All three partners were former journalists at ''The Daily Telegraph'' who had left the paper towards the end of Lord Hartwell' ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
