0 Have your say Private equity investment into Yorkshire nose-dived during the first three months of the year. Research from KPMG showed that transactions involving private equity investors during the first quarter fell by 67 per cent and values more than halved year-on-year. Just five deals completed between January and March, worth a combined value of £510m, compared to the 15 deals totalling £1.16bn which completed in Q1 2018.The decline is attributed to a cocktail of factors – from ongoing Brexit uncertainty, rising prices, a scarcity of quality assets coming to market and increasing concerns about global trade policies.Christian Mayo, head of Corporate Finance at KPMG in Yorkshire, believes the smaller drop in the sum invested compared to the deal volume is indicative of fierce competition for a smaller number of assets amongst buyers, leading to a strengthening of pricing. He said: “While it remains the case that there is a lot of … [Read more...] about Private Equity investment into Yorkshire plunges
Private equity investment process
Who’s on the move today? MUFG MUFG, the Tokyo-based financial group, has appointed John Winter as chief executive of MUFG Securities EMEA and head of MUFG Bank’s global corporate and Investment Banking (GCIB) business in EMEA. John takes up the reins at MUFG following a 31-year career in financial services which has included senior roles at some of the largest banks. An experienced banker and a transformational leader, John will develop and oversee MUFG’s strategy and governance for its securities business across EMEA. He will also be responsible for directing the divisions and functions which deliver client solutions through the GCIB business. He will work alongside Masahiro Kuwahara, regional executive for EMEA, and Tokyo-based GCIB management. Since rebranding its banking arm to MUFG Bank from Bank of Tokyo-Mitsubishi UFJ almost a year ago, the EMEA platform has continued to push ahead with its integration of client teams and functions. John started his career at … [Read more...] about City Moves for 25 March – who’s switching jobs at MUFG, NB Private Equity and University College London?
CAKE chain Patisserie Valerie has been bought out of administration by an Irish private equity firm, safeguarding nearly 2,000 jobs.Dublin-based Causeway Capital Partners has snapped up 96 Patisserie Valerie sites. However, the deal does not include outlets belonging to sister brands Philpotts and Baker & Spice.In a separate deal, food wholesaler A.F. Blakemore & Son has picked up all 21 Philpotts stores and an announcement regarding Baker & Spice will be made imminently.Patisserie Valerie, which was chaired by businessman Luke Johnson, was put up for sale last month after collapsing following the discovery of fraudulent activity in its accounts.Sports Direct tycoon Mike Ashley subsequently submitted a bid for the chain, but later withdrew it, complaining that he had been locked out of the process by KPMG, which is managing the administration.Causeway Capital's Matt Scaife said on Thursday: "Patisserie Valerie is heritage brand, much loved by its loyal customers. This … [Read more...] about Cake chain Patisserie Valerie gobbled up by Irish private equity firm
Cake chain Patisserie Valerie has been bought out of administration by an Irish private equity firm, safeguarding nearly 2,000 jobs. Dublin-based Causeway Capital Partners has snapped up 96 Patisserie Valerie sites, including three cafes in Belfast.The firm was put up for sale last month after collapsing following the discovery of fraudulent activity in its accounts.Sports Direct tycoon Mike Ashley subsequently submitted a bid for the chain, but later withdrew it, complaining that he had been locked out of the process by KPMG, which is managing the administration.Causeway Capital’s Matt Scaife said on Thursday: “Patisserie Valerie is heritage brand, much loved by its loyal customers. This investment should mark the end of a turbulent period for customers and suppliers alike.”The cake firm’s parent company, Patisserie Holdings, has been grappling with the fallout of the accounting fraud since October.Last month the firm said the extent of fraud meant it was … [Read more...] about Patisserie Valerie aquired by Dublin private equity firm
By Julia Limitone Published January 18, 2019 IPOs FOXBusiness Facebook Twitter Comments Print video Finding investment opportunities in a volatile market environment Castle Harlan CEO John Castle argues investors should take a long-term perspective to avoid concerns over the short-term headline risks to stocks. Companies looking to prosper are having more success in the private equity market, according to Castle Harlan CEO John Castle. Continue Reading Below “If you go back to the late 1960s it was an industry that was measured in tens of millions of dollars,” Castle said to FOX Business’ Maria Bartiromo on Friday. “Today it’s measured in $3 trillion, and as a result many speculate as to why has there been a reduction of the number of listed companies on the New York Stock Exchange or other exchanges. One of the reasons is because of private equity.” MORE FROM FOXBUSINESS.COM SITE... IPO HOLDUP: SEC … [Read more...] about Why companies are turning to private equity