Casting a wider net

Article Abstract:

The merger between the Cypher Group, which supplies books to libraries and schools, with Bertrams Books, which acts as a independent book wholesaler for retail outlets, was seen as a good deal for both parties. The merged companies will be known as the Bertram Group. The UK book wholesaling industry is a very competitive market particularly since the end of the Net Book Agreement. The value of the deal was 54 million pounds sterling. The mother and son partnership, who had started and run Bertram Books, received a sum of 30 million pounds sterling as part of the agreement.

Book, Periodical, and Newspaper Wholesalers, Books, periodicals, & newspapers, Books Wholesale, Mergers, acquisitions and divestments, Book publishing, Company Profile, Book distributors, Cypher Group, Bertrams Books

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Conference weighs up the competition

Article Abstract:

Delegates at the Oct. 1995 Acquisitions Monthly annual conference on management buyouts spoke about the intense competition amongst venture capitalists which means that the auction process is here to stay. Charterhouse Development Capital managing director Gordon Bonnyman pointed to pricing as being the essential issue in any buyout, and said that a price of six to seven times operating profits is a reasonable level. Price Waterhouse partner Chris Hemmings voiced concern that the venture capital industry could overheat.

Conferences, meetings and seminars, Venture capital companies, Management buyouts

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Gambling on success in the risk business

Article Abstract:

Leonard Steinberg, chairman of Liverpool-based Stanley Leisure, an operator of betting shops and casinos, believes that the company's fall in pre-tax profits for interim 1995 is due to the launch of the U.K.'s National Lottery and particularly the introduction of scratch cards. Stanley Leisure owns more than 100 betting shops, 21 casinos and a number of snooker clubs. Steinberg hopes that the liberalisation of the U.K. betting industry will help Stanley Leisure to grow, both internally and through acquisitions.

Misc. Amusement, Recreation Services, Legal Gambling, Gambling Industries, Management, Gambling industry, Gambling, Stanley Leisure PLC

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