Lynch’s fund gives £8m to back biotech July 8, 2014 MIKE Lynch, the former Autonomy boss, yesterday backed a Swiss DNA analysis firm with an £8m investment. Sophia Genetics, which specialises in the analysis of DNA in order to diagnose patients, is the latest recipient of investment from Lynch’s $1bn technology fund. While the company specialises in preventative treatment, it also determines “where to fire [...]
Sports Direct shares drop as M&A boss departs February 17, 2015 Sports Direct's share price was down more than four per cent this morning after it emerged that its mergers and acquisitions boss Jeff Blue is leaving the company. Blue, a former Merril Lynch banker, was hired two years ago to spearhead takeover deals for Mike Ashley's high street behemoth. He was also standing in [...]
HP mismanaged $11bn Autonomy deal claims boss August 12, 2014 US COMPUTER firm HP has been accused of trying to “cover up both its mismanagement” of its $11.1bn (£6.6bn) Autonomy takeover in 2011, and a “ploy to falsely accuse others” by its former finance chief. Sushovan Hussain, whom HP says it will pursue in court over its claims he was “one of the chief architects of the [...]
Sports Direct shares drop with M&A chief’s sudden exit February 17, 2015 SPORTS Direct’s share price fell more than four per cent in morning trading yesterday after it emerged that its mergers and acquisitions boss Jeff Blue was leaving the retailer. Blue, a former Merril Lynch banker, was hired two years ago to spearhead takeover deals for Mike Ashley’s high street giant. He was also standing in [...]
HP preparing to sue Autonomy chief for fraud August 4, 2014 Former Autonomy finance chief Sushovan Hussain and Autonomy founder and chief executive Mike Lynch will face legal action from HP, in relation to its ill-fated acquisition of Autonomy for $11.1bn (£6.6bn) in 2011. HP’s shareholders initially sued the computer giant over its $8.8bn write down on Autonomy, made just a year after the deal closed. [...]
City Moves for 26 March 2015 | Who’s switching jobs March 25, 2015 London Capital Group The online trading firm has appointed Charles-Henri Sabet (pictured) as chief executive. He was previously executive chairman of the company, and joined the board in September 2014. Charles Poncet has been appointed non-executive chairman. He was a non-executive director of the firm. Old Mutual Global Investors The asset management firm has appointed [...]
City Moves for 28 January 2015 | Who’s switching jobs January 27, 2015 Hamlins The law firm has announced the appointment of Charles Bezzant as partner. He will be heading up its real estate finance team, and joins from Reed Smith, where he qualified in 2000. Bezzant’s practice covers all finance aspects of property investment and development transactions. RBC Global Asset Management Royal Bank of Canada’s asset management [...]
City Moves for 13 January 2015 | Who’s switching jobs January 12, 2015 Grosvenor Fund Management The investment firm has appointed Gaston Brandes as director of capital markets, Europe. He joins from UBS Global Asset Management, where he was executive director of global real estate business development. Brandes has also held roles at Franklin Templeton Investment Services. Brown Rudnick The law firm has appointed Moris Mashali as partner [...]
Lynch slams HP’s actions as misleading in Autonomy probe March 19, 2014 FORMER Autonomy chief executive Mike Lynch hit out at HP yesterday calling the US tech giant’s actions misleading in the investigation into Autonomy’s finances. Autonomy is currently at the centre of fraud investigations by the Serious Fraud Office and the US Department of Justice for its allegedly inflated profits prior to its $11bn (£6.74bn) takeover [...]
Any Other Business – 27/01 January 26, 2014 On Friday The Capitalist wrote about former Autonomy boss Mike Lynch’s hearing difficulties, which he had referenced in a speech. We would like to apologise for any offence caused to Mr Lynch by the manner in which his comments were reported.