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Permira Companies
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 was appointed chairman. In many European countries like Germany and Spain, the Schroders fund was the ver ... [...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] |
Tokyo
Tokyo, officially the Tokyo Metropolis, is the capital of Japan, capital and List of cities in Japan, most populous city in Japan. With a population of over 14 million in the city proper in 2023, it is List of largest cities, one of the most populous urban areas in the world. The Greater Tokyo Area, which includes Tokyo and parts of six neighboring Prefectures of Japan, prefectures, is the most populous metropolitan area in the world, with 41 million residents . Lying at the head of Tokyo Bay, Tokyo is part of the Kantō region, on the central coast of Honshu, Japan's largest island. It is Japan's economic center and the seat of the Government of Japan, Japanese government and the Emperor of Japan. The Tokyo Metropolitan Government administers Tokyo's central Special wards of Tokyo, 23 special wards, which formerly made up Tokyo City; various commuter towns and suburbs in Western Tokyo, its western area; and two outlying island chains, the Tokyo Islands. Although most of the w ... [...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] |
Asset Stripping
Asset stripping refers to selling off a company's assets to improve returns for equity investors, often a financial investor, a "corporate raider", who takes over another company and then auctions off the acquired company's assets. The term is generally used in a pejorative sense as such activity is not considered helpful to the company. The proceeds of the sale of assets may be used to lower the company's net debt. Alternatively, they may be used to pay a dividend to equityholders, leaving the company with lower net worth – i.e. the same level of debt but fewer assets (and weaker earnings) to support that debt. With a lower level of assets, some argue that the business is rendered less financially stable or viable. For example, the sale-and-leaseback of a building would lead to an increased rental bill for the company. Asset stripping is a highly controversial topic within the financial world. The benefits of asset stripping generally go to the corporate raiders, who can sla ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
House Of Commons
The House of Commons is the name for the elected lower house of the Bicameralism, bicameral parliaments of the United Kingdom and Canada. In both of these countries, the Commons holds much more legislative power than the nominally upper house of parliament. The leader of the majority party in the House of Commons by convention becomes the prime minister. Other parliaments have also had a lower house called the "House of Commons". History and naming The House of Commons of England, House of Commons of the Kingdom of England evolved from an undivided parliament to serve as the voice of the tax-paying subjects of the Ceremonial counties of England, counties and the borough constituency, boroughs. Knight of the shire, Knights of the shire, elected from each county, were usually landowners, while the borough members were often from the merchant classes. These members represented subjects of the Crown who were not Lords Temporal or Spiritual, who themselves sat in the House of Lords. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gwyn Prosser
Gwynfor Matthews Prosser (born 27 April 1943) is a British politician and engineer who served as Member of Parliament (MP) for Dover from 1997 to 2010. A member of the Labour Party, he worked as a marine engineer and served on Dover District Council and Kent County Council prior to his election to Parliament. Early life and career Gwynfor Matthews Prosser was born on 27 April 1943 in Swansea, Wales. He was educated at Dunvant Secondary Modern School and gained a National Diploma in Mechanical Engineering from Swansea Technical College. Prosser began his marine engineering career in 1960, as a Merchant Navy cadet engineer, and was later employed at BP and Blue Funnel Line. He became as a senior engineer in the 1970s, working for BR Shipping, John Kincaid of Greenock, Aramco in Saudi Arabia, and Anscar. Prosser was chief engineer for Sealink Ferries in Dover from 1979 to 1992. During his engineering career, he served on the executive of the National Union of Marine ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
The Guardian
''The Guardian'' is a British daily newspaper. It was founded in Manchester in 1821 as ''The Manchester Guardian'' and changed its name in 1959, followed by a move to London. Along with its sister paper, ''The Guardian Weekly'', ''The Guardian'' is part of the Guardian Media Group, owned by the Scott Trust Limited. The trust was created in 1936 to "secure the financial and editorial independence of ''The Guardian'' in perpetuity and to safeguard the journalistic freedom and liberal values of ''The Guardian'' free from commercial or political interference". The trust was converted into a limited company in 2008, with a constitution written so as to maintain for ''The Guardian'' the same protections as were built into the structure of the Scott Trust by its creators. Profits are reinvested in its journalism rather than distributed to owners or shareholders. It is considered a newspaper of record in the UK. The editor-in-chief Katharine Viner succeeded Alan Rusbridger in 2015. S ... [...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] |
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] |
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] |
