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Punch Taverns
Punch Pubs & Co is a pub and bar operator in the United Kingdom, with around 1,300 leased pubs. It is headquartered in the traditional brewing centre of Burton upon Trent in Staffordshire. It was listed on the London Stock Exchange as a constituent of the FTSE SmallCap Index until its sale in 2016 for £403m to a private equity fund, Patron Capital, acting in concert with Heineken International who acquired 1,900 of Punch's pubs as part of the deal. History The company was established by former PizzaExpress head Hugh Osmond and Café Rouge founder Roger Myers in 1997 when they bought the Bass Brewery portfolio of public houses. In 1999 Punch purchased Inn Business Group plc, and later Allied Domecq's pubs for £3 billion, beating a rival bid from Whitbread. After the deal, Punch spun off its managed pubs into a separate division, Punch Retail, which was later renamed ''Spirit Group''. In 2002 Punch demerged the ''Spirit Group'' and then floated itself on the London Stock Excha ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Company
A privately held company (or simply a private company) is a company whose shares and related rights or obligations are not offered for public subscription or publicly negotiated in the respective listed markets, but rather the company's stock is offered, owned, traded, exchanged privately, or Over-the-counter (finance), over-the-counter. In the case of a closed corporation, there are a relatively small number of shareholders or company members. Related terms are closely-held corporation, unquoted company, and unlisted company. Though less visible than their public company, publicly traded counterparts, private companies have major importance in the world's economy. In 2008, the 441 list of largest private non-governmental companies by revenue, largest private companies in the United States accounted for ($1.8 trillion) in revenues and employed 6.2 million people, according to ''Forbes''. In 2005, using a substantially smaller pool size (22.7%) for comparison, the 339 companies on ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Spirit Pub Company
Spirit Pub Company plc (Spirit) was a pub and restaurant company in the United Kingdom based in Burton upon Trent and originally formed by Punch Taverns. It was listed on the London Stock Exchange until it was acquired by Greene King in June 2015. History Spirit Group was originally formed by Punch Taverns in February 1999 to operate its managed pub estate including pubs acquired from Allied Domecq. Spirit Group was demerger, demerged by Punch in February 2002. Spirit Group then acquired Scottish & Newcastle’s retail business, before itself being re acquired by Punch in May 2006. Spirit was demerged from Punch Taverns for a second time in August 2011. The shareholders accepted a takeover offer from Greene King in January 2015. The takeover was completed in June 2015. Operations Spirit had seven hundred and seventy seven branded managed pubs throughout the United Kingdom in August 2013, and a further 452 leased pubs. Spirit employed an average of 16,800 people in 2013. Its p ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Commons Of The United Kingdom
The House of Commons is the lower house of the Parliament of the United Kingdom. Like the upper house, the House of Lords, it meets in the Palace of Westminster in London, England. The House of Commons is an elected body consisting of 650 members known as members of Parliament (MPs). MPs are elected to represent constituencies by the first-past-the-post system and hold their seats until Parliament is dissolved. The House of Commons of England started to evolve in the 13th and 14th centuries. In 1707 it became the House of Commons of Great Britain after the political union with Scotland, and from 1800 it also became the House of Commons for Ireland after the political union of Great Britain and Ireland. In 1922, the body became the House of Commons of the United Kingdom of Great Britain and Northern Ireland after the independence of the Irish Free State. Under the Parliament Acts 1911 and 1949, the Lords' power to reject legislation was reduced to a delaying power. The g ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Matthew Clark
Matthew Clark is a United Kingdom-based drinks distributor, owned by C&C Group. Founded in 1810, the business primarily serves public houses, restaurants, bars and hotels within the mainland UK. History The company was formed in 1810 by Matthew Clark, the son of Charles Clark, Inspector General of Imported Liquors and Distillery at the Port of London and later Merchants' Gauger of wines and spirits for the City of London merchants. It was known for most of its history as a City of London wine and spirit importer called Matthew Clark and Sons. Six generations of the Clark/Gordon Clark family worked in it while it was an independent company. It was originally based in Great Tower Street, then from 1925 at 14 Trinity Square, Tower Hill, from 1956 at Walbrook House, and from 1972 at the Finsbury Distillery, the premises of the firm of that name, manufacturers of Stone's Ginger wine, taken over in 1964. The Leeds-based firm of J. E. Mather, manufacturer of "Barchester British Wine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Greene King
Greene King is a large pub retailer and brewer. It is based in Bury St Edmunds, Suffolk, England. The company owns pubs, restaurants and hotels. It was listed on the London Stock Exchange until it was acquired by CK Assets in October 2019. History The brewery was founded by Benjamin Greene in Bury St. Edmunds in 1799. In Richard Wilson's biographical analysis of the Greene family, he credits various family members for being able to achieve distinction in the worlds of business and banking, literature (Graham Greene, for example) and broadcasting in the nineteenth and twentieth centuries.' In 1836 Edward Greene took over the business and in 1887 it merged with Frederick William King's brewing business to create Greene King. Greene King has grown via mergers and acquisitions, including Rayments Brewery (1961), the Magic Pub Company (1996), Hungry Horse (1996), Morland Brewery (1999), Old English Inns (2001), Morrells (2002), a large part of the Laurel Pub Company (2004), ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Taylor Walker Pubs
Spirit Pub Company plc (Spirit) was a pub and restaurant company in the United Kingdom based in Burton upon Trent and originally formed by Punch Taverns. It was listed on the London Stock Exchange until it was acquired by Greene King in June 2015. History Spirit Group was originally formed by Punch Taverns in February 1999 to operate its managed pub estate including pubs acquired from Allied Domecq. Spirit Group was demerged by Punch in February 2002. Spirit Group then acquired Scottish & Newcastle’s retail business, before itself being re acquired by Punch in May 2006. Spirit was demerged from Punch Taverns for a second time in August 2011. The shareholders accepted a takeover offer from Greene King in January 2015. The takeover was completed in June 2015. Operations Spirit had seven hundred and seventy seven branded managed pubs throughout the United Kingdom in August 2013, and a further 452 leased pubs. Spirit employed an average of 16,800 people in 2013. Its properties ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Chef & Brewer
The Chef & Brewer collection is a collection of over 140 licensed pub restaurants in the United Kingdom, owned by the Greene King subsidiary, the Spirit Pub Company. They provide more upmarket pub food, specials and cask ales and a number of them have recently been re-furbished. History Grand Metropolitan, which later formed part of Diageo, sold the estate that became Chef & Brewer pubs to Scottish & Newcastle in 1993 in a part cash, part debentures deal of £708 million. In 2003, Scottish & Newcastle auctioned off the Chef & Brewer chain, which was acquired by the Spirit Group. In 2005 the Spirit Group was acquired by Punch Taverns. In 2011 the Chef & Brewer chain became part of Spirit Pub Company plc following its demerger from Punch Taverns. The Spirit Pub Company plc was acquired by Greene King in June 2015. The pubs are known for their family friendly atmosphere and have recently featured in Tesco Clubcard promotions. Locations Many of the pubs operated by Chef & Brewer ar ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GI Partners
GI Partners is a leading upper middle market private equity firm based in San Francisco, California. Description Founded in 2001, GI Partners is a private investment firm with over 100 employees with offices in San Francisco, New York, Chicago, Greenwich, CT, and Scottsdale, AZ. The firm has raised over $29 billion in capital from leading institutional investors around the world to invest in private equity, real estate, and data infrastructure strategies. The private equity team invests primarily in companies in the healthcare, IT infrastructure, services, and software sectors. The real estate team focuses primarily on technology and life sciences properties as well as other specialized types of real estate. The data infrastructure team invests primarily in hard asset infrastructure businesses underpinning the digital economy. In March 2018, GI Partners acquired a majority stake in Doxim from Strattam Capital. In January 2020, GI Partners acquired a majority interest in DRFor ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
CVC Capital Partners
CVC Capital Partners is a Luxembourg-based French private equity and investment advisory firm with approximately US$133 billion of assets under management and approximately €157 billion in secured commitments since inception across American, European and Asian private equity, secondaries and credit funds. 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 650 employees working across its network of 25 offices throughout EMEA, Asia and the Americas. History Spinout from Citicorp and the 1990s By the early 1990s, Michael Smith, who joined Citicorp in 1982, was leading Citicorp Venture Capital in Europe along with other managing directors Steven Koltes, Hardy McLain, Donald Mackenzie, Iain Parham, and Rolly Van Rappard. In 1993, Smith and the senior investment professionals of Citicorp Venture Capital negotiat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Texas Pacific
TPG Inc., previously known as Texas Pacific Group and TPG Capital, is an American investment company based in Fort Worth, Texas. The private equity firm is focused on leveraged buyouts and growth capital. TPG manages investment funds in growth capital, venture capital, public equity, and debt investments. The firm invests in a range of industries including consumer/retail, media and telecommunications, industrials, technology, travel, leisure, and health care. The firm was founded in 1992 by David Bonderman, James Coulter, and William S. Price III and has raised $50 billion of investor commitments across more than 18 private equity funds.Source: Preqin Private equity funds TPG has historically relied primarily on private equity funds, pools of committed capital from pension funds, insurance companies, endowments, fund of funds, high-net-worth individuals, sovereign wealth funds, and from other institutional investors. History and notable investments Founding Texas Pac ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Blackstone Group
Blackstone Inc. is an American alternative investment management company based in New York City. Blackstone's private equity business has been one of the largest investors in leveraged buyouts in the last three decades, while its real estate business has actively acquired commercial real estate. Blackstone is also active in credit, infrastructure, hedge fund solutions, insurance solutions, secondaries and growth equity. As of Q3 2022, the company's total assets under management were approximately US$951 billion, making it the largest alternative investment firm globally. Blackstone was founded in 1985 as a mergers and acquisitions firm by Peter G. Peterson and Stephen A. Schwarzman, who had previously worked together at Lehman Brothers. History Founding and early history Blackstone was founded in 1985 by Peter G. Peterson and Stephen A. Schwarzman with $400,000 in seed capital. The founders named their firm "Blackstone," using a cryptogram derived from the names of the ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Private Equity
In the field of finance, the term private equity (PE) refers to investment funds, usually limited partnerships (LP), which buy and restructure financially weak companies that produce goods and provide services. A private-equity fund is both a type of ownership of assets ( financial equity) and is a class of assets (debt securities and equity securities), which function as modes of financial management for operating private companies that are not publicly traded in a stock exchange. Private-equity capital is invested into a target company either by an investment management company (private equity firm), or by a venture capital fund, or by an angel investor; each category of investor has specific financial goals, management preferences, and investment strategies for profiting from their investments. Each category of investor provides working capital to the target company to finance the expansion of the company with the development of new products and services, the restructuring ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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