By Ian Fraser The Herald May 29th, 2005 CORNELIAN Asset Managers, a spin-out company founded by former Scotland rugby second-row Jeremy Richardson, has outlined ambitious plans to become a £1 billion fund manager. Richardson’s bullish plans for the former Noble Asset Managers include the possibility of acquisitions of other private-client fund management businesses, which he [...]
By Ian Fraser Sunday Herald May 15th, 2005 CVC Capital Partners, the private equity firm that owns Kwik-Fit, is on track to double its money from its £330 million investment in the tyres and exhausts group just three years after acquiring it. CVC and advisers Deutsche Bank are this weekend poring over a range of [...]
By Ian Fraser Published: Sunday Herald Date: May 15th, 2005 The last time a major bank announced a programme of sweeping branch closures the others followed suit. Will history repeat itself? Ian Fraser reports FIVE years ago the UK’s high street banks declared an unofficial moratorium, deciding to put their branch closure programmes on hold. [...]
By Ian Fraser Published: Sunday Herald Date: May 8th, 2005 Much to the annoyance of the City, private equity firms have amassed billions buying and selling vulnerable companies, but is this process a necessary part of the ecology of modern business? THEY control one-in-five private sector jobs in the UK; yet their activities are cloaked [...]
By Ian Fraser Published: Sunday Herald Date: May 15th, 2005 Sandy Nairn saw through the dotcom bubble. Now he’s booming in the Scottish fund management scene, finds Ian Fraser WHEN Sandy Nairn, chief executive of the investment boutique Edinburgh Partners, was living through the dotcom bubble in America he struggled to get to grips with [...]