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...A spokesperson for the group of creditors declined to comment. Lawyers for Signa Development and Benko and a spokesperson for its administrator did not respond to requests for comment....
...In March, private equity group Permira agreed to sell fund administrator Alter Domus to rival Cinven in a €4.9bn transaction....
...Group, a private equity placement agency....
...The firm’s administrators, represented by Mishcon de Reya, said in written arguments that the couple received at least £23.9mn from LCF and spent “large sums” on luxury travel and dining at exclusive restaurants...
...The conglomerate never published consolidated accounts, and its three holding companies have different administrators, management teams and creditor groups....
...Retirement savers ensnared in the protracted wind-up of the failed Hartley Pensions group say they are being driven to the “edge of despair” as uncertainty lingers over the future of their nest eggs....
...UK private equity group Cinven is set to acquire a majority stake in fund administrator Alter Domus from Permira, according to people familiar with the matter, in a deal that highlights rising interest from...
...“We wish that there could have been a better outcome for the Ted Baker employees and stakeholders,” John McNamara, chief strategy and transition officer at Authentic Brands Group, the US owner of the Ted...
...The administrators slashed 264 jobs on appointment, retained 265 and more than a dozen have resigned since then....
...Hundreds of unsecured creditors including consulting firms Accenture and the Boston Consulting Group were owed a total of £44.6mn, according to the administrators’ proposals finalised this week....
...The business was ultimately acquired by Apex Group, another fund administrator....
...Since then, there have been endless working groups, consultations and reports, but the number of left-behind pension pots has continued to grow remorselessly....
...The government is also seeking to raise the minimum guaranteed pension paid out to poorer people, and replace the deeply unpopular private pension administrators with a public administrator....
...The Body Shop has appointed administrators for its UK arm, three months after its new private equity owners took control of the business in a £207mn deal....
...“The restructuring administrator and the expert consulted by him are conducting the related sales negotiations or are fully involved in them,” said Stapf....
...In recent months, groups such as the Daily Mail and the Guardian have begun to experiment with subscription-based content....
...Such programmes can boost asset managers’ revenue and reduce stress for retirees who already have pension pots....
...The Pensions Regulator declined to comment....
...”, a group of MPs has warned....
...Erhard Grossnigg, the companies’ administrator, said hundreds of millions of euros were needed “quickly” to tide the companies over until April and avoid writedowns....
...The group typically then used those valuations to secure more borrowing and repeat the process....
...“All parties owe it to the women affected to make a clear and unambiguous commitment to compensation,” said Angela Madden, chair of the group Women Against State Pension Inequality, which has been campaigning...
...Admittedly, different European governments have different long-dated bond yields, but with French and German nominal bonds yielding between 0.6 – 1.4 percentage points less than the Working Group’s nominal...
...Armitt is a former chair of the National Express Group and held senior roles with the Berkeley Group as well as the Board of Transport for London....
...But UK business has been brisk: rising interest rates have transformed funding levels in defined benefit pension schemes and enabled companies to consider offloading future liabilities....
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