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Zolfo Cooper has advised the shareholders of iNTERTAIN Limited, best known for its chain of Walkabout bars, on its management buy-out led by chairman David Myers and CEO John Leslie.
The purchaser, Better Capital LLP, is a private equity investment vehicle founded by Jon Moulton, former managing partner of Alchemy.
Paul Hemming, a partner in Zolfo Cooper’s corporate finance team, says: “Against the backdrop of a difficult trading environment we used our extensive network of contacts in the market to identify potential buyers for the business. Better Capital has a great track record in these types of investment opportunities and
Lowenstein Sandler is expanding its executive compensation team for its private equity, hedge fund, venture capital and other clients with the addition of James E Gregory as a partner in the firm.
Gregory has joined Lowenstein Sandler’s employee benefit and executive compensation practice in its New York office. He was previously a partner at Proskauer Rose.
Gary M Wingens, Lowenstein Sandler’s chairman and managing partner, says: “Lowenstein Sandler is well known for providing comprehensive legal services to many of the leading private equity, hedge and venture capital funds, as well as to dozens of early-stage tech and biotech companies
Ian Enslin, Charity Director at Waverton Investment Management, comments on Sainsbury's and the 'Big Four' retailers…
There is significant value in the big four food retailers, but they are lumbered by a cost base which can no longer be justified by the lack of growth and an imminent and inevitable price war under which they will suffer.
Sainsbury's has to make a choice now as to whether it is going to attempt to compete in the bargain basement on price or re-shape it's business from the ground floor upwards to create a sustainable retailer shoppers want to visit over the
Neuberger Berman Group has appointed investment management expert Celine Dufetel as its new head of client service, effective immediately.
Dufetel joins Neuberger Berman from management consultant McKinsey & Company, where she was a partner and served as leader of the North American asset management practice. She has deep expertise across the asset management arena, including the institutional, wealth management and retirement channels, and has led teams across a broad range of strategy, distribution, organisation and operations engagements.
Dufetel is currently a member of the board of directors for CityHarvest, a non-profit organisation committed to ending hunger in communities throughout
Guy Zitter, former managing director of Daily Mail & General Trust's Mail Newspapers, has joined newly launched easyProperty as a non-executive director.
Zitter, who had been managing director of one of the UK's largest newspaper brands for 20 years, will take on an advisory role to CEO Rob Ellice and the wider team and will join other non-executive directors Eachan Fletcher, Stuart Silberg and David Thorpe.
easyProperty is the new online estate agency from easyJet founder Sir Stelios Haji-Ioannou and property entrepreneur Rob Ellice.
Zitter began his media career at the Sunday Express before joining The Mail on
Demand for children’s nursery services in the UK picked up well in 2013/14, as an improved economy and an expansion of government subsidised places saw many more children attend nurseries during the year.
That’s according to the latest data from healthcare market intelligence provider LaingBuisson.
Findings published in Children’s Nurseries UK Market Report (13th edition) shows that the children’s nurseries market in the UK was worth GBP4.9bn in 2013/14, increasing by four per cent in real terms from 2012/13. This boost is attributed to a good rise in total children attending nurseries (up 6.5 per cent), though held back
Better Capital’s BECAP12 Fund has acquired all of the debt facilities of iNTERTAIN Limited and its subsidiary companies.
iNTERTAIN was formed in October 2009 to acquire the prime trading assets previously owned and operated by Regent Inns Plc.
It now owns and operates a national chain of bars trading principally under the Walkabout brand.
Its audited revenues and operating loss for the year to 2 February 2013 were GBP59 million and GBP3 million respectively.
The 2012 Fund has committed GBP20 million to fund the debt acquisition and future financing requirements.
Private equity investment firm Hellman & Friedman has held the final closing of Hellman & Friedman Capital Partners VIII (HFCP VIII), a USD10.9 billion fund.
Since forming its first partnership in 1987, Hellman & Friedman has raised over USD35 billion of committed capital.
"We are pleased to announce the successful closing of our eighth fund," says Philip Hammarskjold, chief executive officer of Hellman & Friedman. "We are extremely gratified by the enthusiastic support of our limited partners, many of whom have invested with us throughout our 30 year history. We are excited about the opportunities we see for companies at
Oxford Investment Opportunity Network (OION), a business angel network owned and managed by Oxford Innovation, has launched its initial Seed Enterprise Investment Scheme (SEIS) Fund.
The OION 2015 SEIS FUND is promoted and managed by Innvotec Ltd, an FCA regulated Alternative Investment Fund Manager, specialising in investment in start-up and early-stage businesses.
OION is Innvotec’s strategic partner in the fund with specific responsibility for identifying high potential investment opportunities and assisting the entrepreneurs and their businesses post investment.
The fund is the first in a proposed series of annual SEIS funds dedicated to investing in start-up and young
There has been an increase in the proportion of women business angels in the UK, a survey has found.
Some 12 per cent of respondents to the survey, which was conducted by Professor Colin Mason and Tiago Botelho, a doctoral student, from the University of Glasgow’s Adam Smith Business School, were women, a significantly higher figure than reported in previous studies undertaken over the past 20 years.
This increase parallels trends in the US. However, women business angels are more significant in the US, accounting for around 20 per cent of the total.
These survey findings are reported
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