82 posts categorised "Deal and debt markets"

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...

18 February 2014

PwC advises Rigby Group on the acquisition of M2 Digital

PwC has advised Rigby Group plc on its acquisition of M2 Digital Limited through its technology brand, SCC. The Rigby Group, which is the parent company for a portfolio of international privately owned businesses focused on technology, aviation, hotels, property and investments, has acquired the business from private equity group...

13 February 2014

Forces Financial acquired by Police Mutual

An integrated team of diligence, strategy and valuations experts from PwC in the Midlands has successfully supported Police Mutual through its acquisition of Forces Financial, a regional financial intermediary serving the armed forces Police Mutual is a mutual organisation based in Lichfield which supports around 200,000 members of the Police...

10 February 2014

Asset Management 2020: A Brave New World

The asset management industry stands on the edge of a number of fundamental shifts that will shape the future of the industry… Most asset managers have afforded themselves little time to bring the future into focus and the way in which many of them will operate in 2020, will be...

07 February 2014

Corporate failures at lowest levels for a decade

PwC analysis of today’s national corporate insolvency statistics finds that the number of company failures has decreased again as positive sentiment has seen funders provide more sustained support for businesses. 4,398 companies entered insolvency in the last quarter of 2013. This is a decrease of 6.8% on the third quarter...

05 February 2014

Deal Team Times

Welcome to our January 2014 edition of the Midlands Deal Team Times. Our newsletter profiles some of the transactions completed in the Midlands by our local PwC Deal Team over the last year and looks forward to the year ahead and what we hope will be year of real activity...

07 January 2014

When metrics attack: the challenges of innovation through acquisition

Over recent years, innovation within many large organisations has withered as cost-cutting programmes have taken precedence and managers have avoided risk. One way to revive innovation is through acquisition and to buy all or part of a more innovative organisation. In fact, a period of these kinds of acquisitions and...

13 December 2013

One in five in West Midlands worried about debt repayment

One in five (20%) consumers in the West Midlands is worried about their ability to repay their debts, as improved economic outlook fails to feed through to an increase in credit confidence West Midlands consumers remain vulnerable to rate rises: 1% increase in borrowing costs could result in an extra...

22 November 2013

Hat trick of retail and consumer deals for PwC Midlands

The sale of Lil-Lets, the feminine hygiene business based in Solihull, to Premier Foods (Pty) Limited has completed, marking a hat trick of deals for PwC Midlands' retail and consumer deal team in the last month. PwC provided corporate finance advice and financial, taxation and pensions due diligence support to...

31 October 2013

PwC Midlands advises HgCapital on sale of Epyx

PwC Midlands’ corporate finance team has advised HgCapital on the sale of Epyx to Fleetcor, a US-based fuel payment processing business listed on the NYSE. HgCapital and the management shareholders of Epyx were advised on the sale by the corporate finance team at PwC Midlands and PwC’s technology corporate finance...