RPC Group’s £3.3bn private equity takeover sparks disquiet among top shareholders January 23, 2019 Private equity firm Apollo Global Management’s £3.3bn buyout of packaging manufacturer RPC Group has sparked a row among investors, who feel they are getting a raw deal. Each RPC shareholder will get 782p cash for every share they own, 15.6 per cent up on the 683.6p closing price on 7 September, the last day before [...]
Plastic packaging giant RPC Group revenues down after weak Christmas, as it ramps up Brexit stockpiling February 1, 2019 RPC Group’s shares fell slightly this morning as the company admitted weak Christmas trading had impacted revenues. The firm, one of Europe’s biggest plastic packaging makers, said Brexit stockpiling had also hit cash flow in the period as it looks to alleviate disruption from the UK’s exit from the EU. Read more: Private equity group [...]
RPC extends deadline again for private equity suitors November 5, 2018 FTSE 250 packaging company RPC today said it had asked regulators to extend the deadline for two potential private equity bidders to make a firm offer for the company. Plastics maker RPC had previously announced that it was in discussions with private equity firms Apollo Global Management and Bain Capital. Under takeover rules the pair [...]
Short-seller who took on Steinhoff sets sights on plastics firm RPC Group November 25, 2018 The short-seller whose research group uncovered financial irregularities at South African retailer Steinhoff has struck out at plastics company RPC Group. Fraser Perring claims the FTSE 250 company has used a string of acquisitions to mask falling earnings, and said it had used “aggressive accounting” processes to allocate large sums of money as goodwill, making [...]
Online retail acquisitions rise with high streets in decline October 28, 2019 The number of mergers and acquisitions (M&A) among online retailers rose markedly in 2019, new analysis has shown, as companies faced shareholder pressure to boost their web-based sales. Read more: Major UK retailers suffer plunging profit margins The number of M&A deals among UK online retailers rose to 12 in the year to June, City-based [...]
Beer trademarks break records amid craft boom November 25, 2019 Consumers drank up new craft and low-alcohol products in their masses last year, with the number of trademarks registered for beer in the UK soaring to a record high of 2,500. Beer trademarks climbed six per cent in 2018 when compared to the previous year, having risen 89 per cent over the last five years. [...]
Fines levied by the FCA rocket more than 500 per cent December 9, 2019 The value of fines issued by City watchdog the Financial Conduct Authority (FCA) this year has soared to £391.8m. Research from law firm RPC found the level of fines so far this year was up more than 550 per cent on the £60m levied last year. The increase in fines by the FCA has been [...]
Private equity giant Bain Capital drops out of race to buy FTSE 250 plastic-maker RPC December 3, 2018 US private equity giant Bain Capital has dropped out of the race to buy FTSE 250-listed plastic maker RPC. RPC said this morning that the pair had “mutually agreed to terminate discussions”. Discussions with Apollo Global Management “remain ongoing”, RPC said this morning. RPC's share price fell 4.1 per cent to 687p this morning. According to takeover [...]
Plastic packaging giant RPC confirms buyout talks and shares soar September 10, 2018 Plastic packaging giant RPC has confirmed talks with private equity firms over a potential takeover, sending its shares soaring by more than 20 per cent. The company's board said this morning that “preliminary discussions” were being held with Apollo Global and Bain Capital over a possible takeover and said they had until 8 October to [...]
Exclusive: New People’s Vote chief faces sexual harassment claims November 6, 2019 The People’s Vote campaign has been engulfed in fresh controversy as sexual harassment allegations have been levelled against its new chief executive and concerns have been raised about campaign data security. City A.M. understands People’s Vote chief executive – and former Labour election strategist – Patrick Heneghan is facing allegations of sexual harassment from at least [...]