Growth capital moves Apples up a gear

Article Abstract:

The Liverpool, England, office of 3i has played a key role in the development of the Apples Car Clinics network. 3i invested 110,000 pounds sterling to purchase 25% of the equity of Apples, which was originally made up of only two car servicing centres, in 1991. It later provided mezzanine finance for a deal with Kwik-Fit, under which 45 former Shell sites were sold to Apples. Apples now has around 70 sites in the UK, and continues to expand.

General automotive repair shops, Automotive Repair, General, General Automotive Repair, Investments, Automotive maintenance, Automobile repair shops, Automotive repair shops, 3i Group PLC, Apples Car Clinics

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Deloitte Touche Tomatsu moves into Macedonia

Article Abstract:

An office has been opened in Skopje, the capital of the former Yugoslav Republic of Macedonia, by accounting, tax and consulting concern Deloitte Touche Tohmatsu International. The move was prompted by a mandate received from the Macedonian government to advise it on its national privatisation programme. The company reports that there is now considerable investment potential and opportunities in Macedonia.

Foreign operations, Economic aspects, Deloitte Touche Tohmatsu, Macedonia, Macedonia (Former Yugoslav republic)

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Accounting-firm partner advises clients in Indonesia

Article Abstract:

Rob Hogarth, business partner of accounting firm KPMG Peat Marwick, advises his client Indonesian firms how to survive the economic crisis. He emphasizes the importance of negotiating debts with bank creditors. Nonetheless, he sees those firms with no foreign debts to most likely survive the crisis. He also sees an Indonesian economy being run by multinationals, replacing traditional Chinese-owned firms.

Indonesia, KPMG Peat Marwick L.L.P., Depressions, Economic depressions

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