Lloyds ploughs £20m into new restaurant fund September 3, 2012 LLOYDS Banking Group’s private equity arm said yesterday it has agreed to provide £20m for a new restaurant fund set up by the former boss of The Clapham House Group. Paul Campbell is setting up the fund through his vehicle Hill Capital in partnership with LDC to invest in restaurant businesses with a small number [...]
Why we need to convert sport to suit today’s lives February 29, 2012 MAINTAINING and realising the sporting legacy of this summer’s Olympic and Paralympic Games is a huge challenge. But it also presents the chance for those governing sport to do things differently, and find a new generation of participants as a result. Existing policy has failed to engage people in sport in the volumes hoped for. [...]
CITY MOVES WHO’S SWITCHING JOBS June 10, 2012 Vestra Wealth Management David Campbell (right) has been appointed managing partner at the London and Jersey-based wealth management firm. He was most recently at Deutsche Bank, where he ran its UK private wealth management division. Campbell also served as managing director and head of fixed income at both JP Morgan and Deutsche Bank. M&G Investments [...]
David Lloyd investing £2.5m in children’s brand as obesity rises August 29, 2011 LEISURE group David Lloyd plans to invest £2.5m in its children’s arm after rising public concern over the level of obesity among Britain’s young. It said DL Kids will open facilities at David Lloyd Finchley in North London and Beckenham in Kent in December. It will also open its first continental centre in Barcelona in [...]
Blackstone goes to Bedfordshire for £250m Center Parcs venture March 1, 2012 CENTER Parcs, the private equity-backed holiday village operator, is to open a fifth site in Britain after a £1bn refinancing. The group said construction of the £250m park, in Woburn in Bedfordshire, will create 1,500 jobs and a further 1,200 in construction. Blackstone, which bought Center Parcs in 2006, will put another £100m into the [...]
Blackstone goes to Bedfordshire for £250m Center Parcs venture March 1, 2012 CENTER Parcs, the private equity-backed holiday village operator, is to open a fifth site in Britain after a £1bn refinancing. The group said construction of the £250m park, in Woburn in Bedfordshire, will create 1,500 jobs and a further 1,200 in construction. Blackstone, which bought Center Parcs in 2006, will put another £100m into the [...]
LLOYD’S WEIGHS RISK OF OFFSHORE GAMBLE February 9, 2012 LLOYD’S of London is moving offshore, as The Capitalist hears the insurance group has entered a team in one of the world’s most competitive yacht races – a two-day zigzag around 11 Caribbean islands that is a magnet for seafaring captains of industry. First to arrive in the Caribbean was Marshall Bailey, the COO of [...]
Virgin gym chain could buy rivals August 21, 2011 VIRGIN Active is considering buying rival gyms after a private equity house took a majority stake in the business. City A.M. understands that Virgin Active could make further deals while it integrates Esporta, the rival chain it took over earlier this year. The health and fitness firm is also targeting organic growth after CVC Capital [...]
CITY MOVES | WHO’S SWITCHING JOBS December 4, 2011 Tenemos The banking software provider has appointed former SAP executive Dr Bernd-Michael Rumpf as global head of the company’s customer services group, reporting to chief executive Guy Dubois. Bernd-Michael previously spent 12 years at SAP, where his executive roles included head of field services and support. Prior to that, he was chief executive of SAP [...]
Virgin flexes muscles with Esporta deal April 26, 2011 VIRGIN Active yesterday announced that it had snapped up rival Esporta’s 55 gyms for £77.6m, making it the UK’s biggest gym chain. The acquisition will see 159,000 Esporta members transferring to Virgin Active. That takes its total UK membership to around 479,000 – ahead of David Lloyd Leisure Operations with 426, 692. The company, which [...]