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...Everton Football Club’s suitor 777 Partners has called in turnaround and crisis management experts, as the investment firm wrestles with accusations of fraud and the unravelling of the reinsurance financing...
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...Additional reporting by James Fontanella-Khan and Harriet Clarfelt in New York...
...The company will announce on Monday that it has hired Anant Bhalla, a US-based insurance veteran who will become its chief investment officer and a senior partner, to build its new insurance platform....
...Salmon added that as well as significant support from lending banks, Trafigura had “unlocked” a new source of financing from export credit agencies....
...The will-they-won’t they takeover saga at Everton FC took another twist this week, with news that 777 Partners had appointed restructuring experts to assist with “various operational challenges”....
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...Monika Pon-su-san was invited to the unveiling in 2013 along with her partner, daughter and granddaughter....
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...The company also said it would invest 1bn Kenyan shillings (€7mn) into a new community welfare trust. Last year, Browns offered a similar structure when it bought Finlays’ estates business in Kenya....
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...Paul Mendelson’s new book, ‘The Joy of Bridge’, is out now...
...CVC Capital Partners is buying a minority stake in Hempel, the Danish owner of upmarket British paint company Farrow & Ball....
...The rise in average partner pay to £644,000 puts Grant Thornton ahead of mid-tier rival BDO, which handed its partners an average of £609,000 last year....
...This train, your senses keep telling you, has plied this route forever and a glorious day....
...Lightspeed Venture Partners has hired Isaac Kim as the venture capital firm plans a foray into technology-focused leveraged buyouts, according to Bloomberg....
...He also confirmed that the seafarers who now crew P&O’s cross-Channel and North Sea routes — many flown in from the Philippines or Indonesia — receive a basic wage of about £2.90 an hour....
...South Africa’s troubled state-owned airline is seeking a new strategic partner to provide fresh capital, after the latest attempt to secure a deal with a private investor collapsed last week....
...Such a body would, in theory, have greater negotiating power when sitting down with broadcasters and commercial partners....
...However, she said new EU environmental rules that made it harder to export produce such as cocoa and steel to the bloc had alienated partners....
...The defendant has established that it has rights of way over three significant routes.”...
...That will push up Moscow’s costs, forcing it to take much longer routes. The bloc also plans to bar EU involvement in new Russian LNG projects, crimping the Kremlin’s future revenues....
...Last year, CVC raised €26.5bn for the largest buyout fund on record and also agreed a €1bn deal to buy infrastructure firm DIF Capital Partners....
...Doing nothing was not an option, it found, because of the congestion facing the M6 and the parallel rail route into the 2030s....
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