The uphill struggle for Karrimor

Article Abstract:

Outdoor clothing maker Karrimor was founded in the UK in 1946, since when it has grown to achieve sales of 10 million pounds sterling a year in the 1990s. In order to raise acquisition funds, chairman Mike Parsons, son of the founders, sold a 25% stake to investment company Gartmore, to help buy leading tentmaker and skiwear manufacturer Phoenix Mountaineering, and cycle hardware distributor Life Cycle. The enlarged group made a loss in 1996, forcing the company to negotiate a funding package with 21 Group. It is hoped that the new partnership will revive the company's fortunes.

Sporting and athletic goods, not elsewhere classified, Sporting and Athletic Goods Manufacturing, Sporting & Athletic Goods, Camping Equipment, Management, Sporting goods industry, Sporting goods, Karrimor, 21 Group

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Primary deal in Germany

Article Abstract:

Primary Capital, a London-based mid-market private equity company, has completed its first German deal with a 10.2 million pounds sterling package for P&Z Engineering, a German subsidiary of ailing UK software and engineering group Solvera, which went into administration during the negotiations. Primary Capital has underwritten the whole deal, with the Primary Capital Number One investment fund for the deal now 55% invested and closing with commitments of 100 million pounds sterling in Jun 1997.

Engineering Services, Engineering firms, Primary Capital, Solvera, P&Z Engineering

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Gresham Trust a passenger as Page Group flies high

Article Abstract:

The 18.2 million pounds sterling restructuring of electrical equipment maker Page Group has been led by Gresham Trust. Senior debt of 7.5 million pounds sterling was provided by the Bank of Scotland. Sunbury-based Page Group, which makes equipment for the marine and aerospace industries, operates in niche markets, such as interior lighting for aircraft and warning systems.

Other Electrical Equipment and Component Manufacturing, Electronic Components and Accessories, Industrial Electronics, Electrical equipment and supplies industry, Electric equipment industry, Securities, Gresham Trust, Page Group PLC

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