Posts Tagged ‘creston’

Published 13th Jun 2017, 17:05

Four appoints Knight as group operations chief

Four Communications Group has appointed chartered accountant Alex Knight to the post of chief operating officer as the group reports a 30.6% increase in turnover and a 25.6% increase in gross... Read more
Published 7th Jun 2017, 14:21

Private Equity: is there a better way?

Can value be realised from a private business without the risk of giving up control? The Business Growth Fund may provide one answer.   In the nineteen eighties marketing agencies were created... Read more
Published 21st Dec 2016, 15:34

High Court sanctions Creston takeover

The High Court has today sanctioned the scheme of arrangement required to give effect to the proposed £75 million acquisition of Creston by RedWhiteBlue Digital Marketing Services... Read more
Published 16th Dec 2016, 16:52

Should HMRC do business with a company part owned in a tax haven?

There is a certain irony in the announcement by Communisis that it has won a major contract from HM Revenue & Customs to handle “outbound customer communications” when the group is being... Read more
Published 16th Dec 2016, 15:58

Creston shareholders approve private equity buyout

Creston shareholders today approved the offer by RedWhiteBlue Digital Marketing Services Holdings to acquire all the shares in the company (see Isle of Man fund manager bids £75m for Creston).... Read more
Published 13th Dec 2016, 20:21

Sector share prices: 12 December 2016

Last month’s depressing account of how poorly the marketing industry had fared on the stock market by comparison with the FTSE All-Share Index seems to have encouraged investors to take advantage... Read more
Published 28th Nov 2016, 20:56

Creston bidder will inject £35m debt to fund deal

DBay Advisors, the offshore fund manager that has orchestrated the £75 million private equity cash bid for Creston, appears to be relying on substantial bank borrowings to finance the deal (see Isle... Read more
Published 23rd Nov 2016, 15:28

The Creston conundrum: is private better than public?

It is a curious coincidence that the publicly listed marketing group Creston announced plans to leave the stock market in the same week as Marketing Services Financial Intelligence announced its 2016... Read more
Published 17th Nov 2016, 13:01

Creston extracts better profit from static turnover

This morning’s takeover offer for Creston was accompanied by news that the group made an improved post-tax profit of £2.7 million for the half year to 30 September on unchanged revenue (gross... Read more
Published 17th Nov 2016, 10:25

Isle of Man fund manager bids £75m for Creston

The publicly listed marketing group Creston has received a £75 million takeover bid from the Isle of Man offshore fund manager DBAY Advisors. DBAY has been building up a 28% share stake over... Read more