Dow Schofield Watts has advised on the sale of Midland Vehicle Contracts Limited (“MVC”) to Prohire Group plc, the Staffordshire-based asset leasing company. As a division of Prohire Group plc, Midland Vehicle Contracts Limited will continue to trade as such … Continue reading
Yearly Archives: 2006
Betfair acquires Timeform
Dow Schofield Watts has advised on the sale of Portway Press Limited (“Timeform”) to Betfair. Timeform is a world-renowned brand publishing horseracing ratings, form guides and analysis. The company, founded by Phil Bull in 1948, is an essential source of … Continue reading
Betfair complete Timeform deal
Betfair have acquired Portway Press Limited, which trades as Timeform. Timeform is a world-renowned brand publishing horseracing ratings, form guides and analysis. The company, founded by Phil Bull in 1948, is an essential source of reference for racing enthusiasts and … Continue reading
Betfair set to buy Timeform for £15m
By J A McGrath Betfair, the betting industry’s most successful exchange, are to buy Timeform in an estimated £15m deal expected to be completed next week. The move to acquire Halifax-based Portway Press Ltd, which publishes Timeform and other related … Continue reading
Towergate acquires Paymentshield
Towergate has completed its purchase of Paymentshield. Under the terms of the deal, Paymentshield will remain an independent business. It now becomes a sister company of Towergate Partnership, Europe’s largest independently owned insurance intermediary. This follows the management buy-in in … Continue reading
Towergate acquires Paymentshield
Dow Schofield Watts has advised on the sale of Paymentshield to Towergate. Paymentshield is the largest independent supplier of general insurance products to the mortgage intermediary sector. It has gross annual written premiums in excess of £200m and in April … Continue reading
A tale of two city buy-outs
The contrasting fortunes of two recently concluded local management buy-outs (MBOs) couldn’t be greater. Around 100 senior managers at Tilney Investment Management, based in the Royal Liver Building, shared a reported £350m windfall with private equity backer Bridgepoint Capital two … Continue reading
Management buy-out of Parasol Limited
Dow Schofield Watts has advised on the management buy-out of Parasol Limited funded by funds managed by Inflexion Private Equity, the management and HSBC. Parasol is the largest pure PAYE umbrella business in the UK employing over 6,500 flexible employees. … Continue reading
Directors takeover financial advisers
A group of directors has taken control of a Preston financial advice firm, having completed a management buy-out. Gillian Bardin, Robert Cholmondeley, Glynn Bartley and Phil Rogers have agreed a deal with founders Nigel Taylor and John Patterson to take … Continue reading
Parasol effect
A Warrington recruitment specialist honoured for its rapid growth has changed hands in a £24m management buyout. Parasol employs an 80-strong customer support team at its Centre Court offices dealing with more than 15,000 self-employed professionals and 2,500 recruitment agencies … Continue reading
