David Lloyd sold to private equity fund September 5, 2013 HEALTH and fitness club David Lloyd Leisure (DLL) yesterday outlined an ambitious £50m expansion plan after being sold to UK private equity firm TDR Capital for just under £750m. The business, founded by former tennis ace David Lloyd over 30 years ago, said it has over 20 new centres in the pipeline across the country [...]
Court upholds pension appeal July 24, 2013 PENSION scheme members cannot jump ahead of other creditors when a company or bank goes bust, the Supreme Court said yesterday, in a landmark ruling that clarifies the ranking of creditors in an insolvency. The ruling was the result of a case brought by the administrators of the UK divisions of investment bank Lehman Brothers [...]
City Moves for 14 August 2013 | Who’s switching jobs August 13, 2013 Aviva Investors The asset management business has announced the appointment of Sunita Kara as portfolio manager for European high yield. Kara has over 14 years’ experience in the investment industry. She was most recently at Baring Asset Management, where she was global high yield portfolio manager. Prior to that, she was a senior credit analyst [...]
Linklaters and Freshfields hit by weak market July 5, 2012 LAW firms Freshfields and Linklaters will fail to set the City on fire this morning as they release their full-year results, with both firms’ performances subdued in relation to their competitors. Revenues at Linklaters nudged up by 0.6 per cent year on year to £1.2bn, while pre-tax profits rose by 1.2 per cent to £520.8m. [...]
Olympic lawyer takes a gold at legal awards February 10, 2013 THE great and the good of the legal profession gathered at Mayfair’s Grosvenor House for the 2013 Legal Business Awards. Almost 1,000 lawyers donned black tie for the 16th annual incarnation of the ceremony, which saw American firm Cleary Gottlieb take home the prized gong for Law Firm of the Year. However the biggest cheer [...]
Bank bonus cap rule edges closer December 13, 2012 MEPs yesterday issued a draft proposal to cap bankers’ bonuses. They want to ban banks from paying bonuses of more than an employee’s basic salary and if a supermajority of shareholders disagree, that cap can be raised to two-times the salary. The measure will be voted on in the New Year, before passing to the [...]
City Moves for 5 February 2013 | Who’s switching jobs February 4, 2013 Linklaters Simon Pritchard has been appointed partner in the law firm’s competition team. He is a former senior director of mergers at the Office of Fair Trading (OFT). Pritchard is also editor of UK Merger Control, and an external adviser to the OFT on international competition network matters. Lloyds TSB Commercial Finance Donald Kerr has [...]
City Moves for 4 February 2013 | Who’s switching jobs February 3, 2013 Ultra Electronics The security, defence and energy company has appointed Mary Waldner as its group finance director. She is currently director, group finance at QinetiQ Group, and has previously served as group finance controller at 3i. Waldner additionally spent 10 years in senior roles at British Airways. Linklaters William Kirschner has been elected partner in [...]
City Moves for 31 January 2013 | Who’s switching jobs January 30, 2013 LM Investment Management The fund management firm has announced two appointments. Joe Samuel becomes director of LM London. He has previously held roles at Law Business Research. Simon Bottle becomes business development manager in London. He has also worked at Goldman Sachs and ABN AMRO. Actis The private equity firm has appointed Arjun Oberoi as [...]
Dealmakers at The Savoy for M&A knees up December 13, 2012 TO The Savoy on Wednesday evening, for one of the final awards dos in The Capitalist’s diary before the Square Mile goes into hibernation for the festive period. The occasion this week was the Mergermarket European M&A Awards 2012, hosted by Daily Politics presenter and Spectator chairman Andrew Neil. The annual ceremony awards the biggest [...]