91 posts categorised "Deal and debt markets"

10 August 2015

How much are your subsidiaries costing you?

The recent changes to the Companies Act are a real incentive for Finance Directors to consider reducing the number of corporate entities they have in their group to simplify their corporate structure and save their group money.

23 March 2015

Fewer than 1 in 5 in Midlands worried about debt repayment

The confidence people in the Midlands have in their ability to stay on top of their debt has improved, according to PwC’s latest report on the Consumer Credit market, Precious Plastic: How Britons fell back in love with borrowing, published today Fewer than 1 in 5 (17%) consumers in the...

16 March 2015

Fewer stores are opening on East Midlands high streets as retailers focus on clicks over bricks

- Store closures in the East Midlands fall slightly BUT reduced store openings mean fewer shops on the region’s high street - Mobile phones shops, video stores, money services shops, former bank branches and pubs suffering in the East Midlands - Discount stores, charity shops and financial advisors bucking the...

Fewer stores are opening on West Midlands high streets as retailers focus on clicks over bricks

- Store closures in the West Midlands fall slightly BUT reduced store openings in 2014 mean fewer shops on the region’s high street - Mobile phones shops, former bank branches, money services shops, fashion shops and estate agents suffering in the West Midlands - Charity shops, e-cigarettes outlets and jewellers...

13 March 2015

Budget 2015: Chancellor could have £7 billion of extra wriggle room next week

New projections by PwC suggest that public borrowing could be revised down by the OBR throughout the next five years, leaving a budget surplus in 2019/20 of around £30 billion rather than £23 billion as estimated at the time of the Autumn Statement in December (see table below). Public sector...

09 March 2015

Midlands economy recovering at a relatively strong rate

Latest analysis reveals GDP growth in the Midlands is expected to average around 2.5% in 2015 Midlands house prices rise by 6.8% in 2014 – pace of growth likely to ease slightly in 2015 $50 oil price could boost GDP by 1% and employment by 90,000 by 2020 The Midlands...

25 February 2015

Midlands companies could release up to £12.5bn from working capital

Midlands companies could release up to £12.5bn from working capital according to the findings in PwC’s annual working capital study – which tracks companies’ success in optimising working capital. PwC’s Cash for Growth analysis combed the accounts of 7,368 companies across the world to calculate the amount of money which...

14 January 2015

PwC’s Midlands deals team advised on £2.3bn of Midlands transactions in 2014

In 2014, PwC in the Midlands advised on around 30 successful Midlands transactions with a combined value of c. £2.3bn, across a variety of sectors, from trade acquisitions to investment by private equity into local businesses. The deals were of varying sizes, with values ranging from c. £2m to in...

22 December 2014

Riviera announces investment from Phoenix Equity Partners

Riviera Travel (“Riviera”), one of the UK’s leading providers of overseas escorted tour holidays and river cruises, today announces an investment by Phoenix Equity Partners ("Phoenix"), a leading UK middle-market private equity firm. Terms of the transaction are not disclosed. Riviera, founded in 1984, will be led by David Clemson...

27 November 2014

PwC’s pensions team advises on pension increase exchange leading to landmark buy-out deal for 22,000 of TRW Automotive’s pensioners

PwC’s pensions team were corporate advisors to TRW Automotive (TRW) for the pensioner offers which helped to facilitate its landmark £2.5bn partial buy-out transaction with Legal & General for 22,000 retired members of its UK defined benefit pension scheme. The deal allows TRW to transfer all risks associated with these...

21 November 2014

Pre-pack deal saves nearly 300 jobs at UK Coal Surface Mines Limited

David Kelly, Rob Hunt and Matthew Callaghan have been appointed joint administrators of UK Coal Surface Mines Limited on 14 November 2014. The Company operates four open surface mines in the East Midlands and North East of England. Shortly after appointment, the business and certain of the Company’s assets were...

16 October 2014

Neil Sumner joins PwC as new corporate finance director

Neil Sumner has joined PwC in the Midlands as a director in the firm’s corporate finance team. Neil joins PwC from specialist engineering company, IMI plc, where he was global mergers and acquisitions manager. In this role, Neil led the key transactional activity for the FTSE100 group on a global...

09 October 2014

Number of store closures in the West Midlands is flat but net reduction levels are higher than 2013

- An average of 1.5 stores closed per day in the West Midlands in the first half of 2014 – on a par with store closure numbers for the whole of 2013 - Half year 2014 net closure levels are currently higher than 2013 annual total – even before major...

30 May 2014

PwC in the Midlands advises on international packaging acquisition

PwC has advised Northamptonshire based RPC Group Plc (RPC) on its planned acquisition of ACE Corporation Holdings Limited (Ace). Ace is headquartered in Hong Kong and is one of the Far East's industry leaders in the manufacture of plastic injection moulded components and injection moulding tools. Ace principally supplies niche...

02 April 2014

Increasing confidence in global packaging sector leads to renewed deals activity in the Midlands

Increasing confidence amongst global packaging businesses is leading to a renewed focus on merger and acquisition (M&A) activity in the Midlands. This is according to PwC in the Midlands which has advised on a series of global packaging deals over the last year. PwC has supported a number of major...

25 March 2014

Albemarle & Bond Holdings Plc in administration - 17 branches with 62 staff across the Midlands

Albemarle & Bond Holdings Plc (in administration) Albemarle & Bond Jewellers & Pawnbrokers Limited (in administration) Herbert Brown & Son Limited - (in administration) (together “The group”) Mike Jervis, Peter Dickens, Toby Underwood and Stuart Maddison of PwC have been appointed as joint administrators of Albemarle & Bond Holdings plc,...

11 March 2014

PwC completes £244.9m sale of Opal student property portfolio

Sale of Leeds Two Limited, Birmingham One Limited, Opal Student Homes Limited, Tradefull Limited, Opal SPV 1 Limited, Opal Student Accommodation Limited, OSB Limited and Opal Greenwich 1 Limited– all in administration (the "Companies") PwC has completed the sale of a portfolio operating under the Opal brand to Campus Living...

10 March 2014

Budget 2014 - Keep up to date

What can we expect when the Chancellor of the Exchequer stands up to deliver his fifth (and penultimate) Budget of this Parliament on 19 March? Since his first (emergency) Budget in June 2010 he's been following a relatively consistent plan so is there anything left to say? Undoubtedly there will...

26 February 2014

Asset management 2020: Gamechangers that will redefine the industry

Asset management moves centre-stage Changing demographics and markets will thrust asset management to centre-stage. First, regulation will hinder banks and insurers by forcing them to abandon proprietary investing and other core businesses. Second, as the world ages, retirement and healthcare will become critical issues that only asset management can solve....

21 February 2014

Our predictions for the asset management landscape in 2020

Our new publication 'Asset Management 2020 – A Brave New World', sets out how the operating landscape for asset managers will change by 2020 and explains how asset managers can prepare for the challenges ahead and turn them into competitive advantages. The report’s key messages are highlighted below. They are...