Market leader for premium river cruises in Europe is firm’s second current investment in Germany. Duke Street, the mid-market private equity group, has agreed to acquire A-ROSA, the German upmarket river cruise operator, from Waterland Private Equity. The consideration has not been disclosed.
Ultrahaptics, the leading mid-air haptics company, has signed an agreement with global gaming leader IGT to supply its mid-air haptic feedback solution for implementation in IGT’s TRUE 4D™ games on the CrystalCurve™ TRUE 4D™ cabinet.
Communications in private equity: a responsible approach. Private equity is no stranger to reputational issues. So it was no surprise that when the latest PE-backed retail downfall emerged at the end of the summer in the form of the US operations of Toys R Us, many pointed the finger at its financial owners.
Blockchain based ‘social proof’ start-up advised by former Direct Line COO. InsurePal, a new peer-to- peer insurer offering lower premiums for those able to gain ‘social proof’ guarantees from friends and family, is raising $18m (£15m) in an Initial Coin Offering (ICO) to fund its UK motor launch in H1 2018.
Stage Capital (“Stage”), the private equity and real estate investor backed by funds managed by Goldman Sachs Asset Management and Glendower Capital (previously Deutsche Bank Private Equity), has celebrated a successful first year of operation with the recent sale of three assets totaling over €350 million in value. In total, the firm – which spun out from NBGI in October 2016 – has now realised 84% of its invested capital since launch.
Duke Street, the mid-market private equity group, has acquired a controlling interest in TeamSport Karting, the UK’s largest indoor go-karting operator. The investment is the first for Duke Street’s new Cornerstone Fund, established in January this year with backing from Goldman Sachs Asset Management as a key step in the evolution of Duke Street’s deal-by-deal approach into a hybrid funding model. Unigestion acted as the sole institutional co-investor in the deal.
Hydra Strategy, the senior-only consultancy launched in January 2017, has appointed telecoms, media and technology industry heavyweight Hugh Davies as a Partner.
Hugh was most recently Director of Corporate Communications at Three, the UK’s first 3G mobile operator, where he spent almost 10 years leading the campaigning and communications to take the internet mobile.
England cricket captain Joe Root has many qualities that headhunters in the business world would struggle to find in a single candidate: talented, confident, tactical, determined to a degree just the right side of stubborn and ready to turn on the aggression when needed.
Endless LLP, the Leeds-based private equity house, has backed the management buyout at leading robotics specialist Sewtec Automation, one of Yorkshire’s most successful and high-tech engineering companies.
British and Irish rugby fans may be forgiven for celebrating as though the Lions had won the June-July series against New Zealand. A win apiece, with a thrilling 15-15 draw in the final match, will have exceeded most expectations of the Lions, however impressive their form nowadays under coach Warren Gatland.
Sun Hung Kai Financial (“SHKF”) announces it has acquired 100% of UK specialist brokerage and research firm North Square Blue Oak Limited (“NSBO”), following strategic cooperation between the two parties that started in early 2016 and approval from UK regulators.
Dreamkillers Ireland scuppered England’s hopes of a second grand slam, but Eddie Jones’s back-to-back Six Nations winning rugby squad is still considered by many to be set for even greater success than Sir Clive Woodward’s 2003 World Cup heroes. Jones is already on top measured by consecutive Test victories, even matching New Zealand. Not bad when you consider...
New strategic consultancy features former agency and in-house leaders
Corporate and financial PR veteran Stephen Benzikie has brought together some of the UK’s most senior communicators to launch a new strategic consultancy.
Hydra will offer both board-level advice and senior-only execution across all key areas of corporate comms, focusing on supporting CEOs and communications directors. The firm aims to deliver substantial integrated programmes, led by consultants with typically more than 20 years’ experience of advising leading companies.
Footballers probably don’t worry too much about inflation. Top players are fabulously wealthy and their demand for most goods and services is relatively inelastic. But even the ‘beautiful game’ is distorted by inflation when you look at the effect it has on the eye-watering transfer fees paid to soccer superstars.
Paul Pogba’s world record signing to Manchester United for £89m this year...