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  • MBO practice in acquisition talks with three firms

    first_imgNorth west powerhouse Jackson Lees Group says it will embark on a national acquisition strategy after a management buyout of the business.The firm announced on Friday it had been acquired by MAPD Ventures through a buyout led by chief executive Brian Cullen and chief operating officer Joanna Kingston-Davies.The agreement was funded by Shard Credit Partners and the new owners say they intend to ‘invest heavily’ in the legal sector through a national acquisition plan, with advanced discussions already underway with three firms.  Joanna Kingston-Davies and Brian CullenThe Jackson Lees Group has more than 280 staff across six north west offices and is a full-service practice made up of the firms Broudie Jackson Canter and Jackson Lees.Kingston-Davies said: ‘Our strategy is predicated upon taking away the headache of “back office” for law firm owners to free up their time to focus on localised growth and development. By providing strong operating platforms and infrastructure with defined career structures and leadership, we will enable traditional law firms to deal with succession issues and to focus on what they do best.’ Alastair Brown, chief executive of Shard Credit Partners, said this was Shard’s first investment in the north west, forming the basis for a buy-and-build acquisition strategy to create a bigger legal services group.The funder markets itself as an alternative provider of finance to enterprises with a value of less than £50m. It provides loans of between £5m and £25m per borrower, and last month announced the completion of the management buy-out of Leeds debt recovery service BWL Legal Services Limited. The fund was created in 2017 and targets borrowers in ‘defensive and stable sectors’.Jackson Lees Group has represented families at the Hillsborough and Birmingham pub bombing inquests and is working with families on the Manchester Arena bombing inquiry. Jackson Lees specialises in family, wills & probate, conveyancing, commercial, employment, court of protection, medical negligence and personal injury. Broudie Jackson Canter specialises in civil liberties and social welfare.O’Connors Legal Services Limited, led by Mark O’Connor, John Spofforth and David Malone, advised MAPD Ventures and Jackson Lees Group. Gately plc, led by partners Andrew Madden and Andrew Cowan, advised Shard Credit Partners. Brabners acted for NatWest to facilitate the deal.last_img read more

  • T&T opposition wants country to have bigger role within CARICOM

    first_img Share 37 Views   no discussions Tweet Share Sharing is caring!center_img Share NewsPoliticsRegional T&T opposition wants country to have bigger role within CARICOM by: Caribbean Media Corporation – August 21, 2015 Keith RowleyPORT OF SPAIN, Trinidad (CMC) – A People’s National Movement (PNM) government will move to have a bigger role in the affairs of the Caribbean Community (CARICOM) if it wins the September 7 general elections, Opposition Leader Dr Keith Rowley has said.Rowley has been critical of the foreign policy of the coalition People’s Partnership government of Prime Minister Kamla Persad Bissessar with his party indicating that upon assuming office it would seek to “repair relations in CARICOM that have been damaged over the last five years, such as the relationship with Jamaica”.Rowley said that Trinidad and Tobago lost an opportunity to take a leadership when Persad Bissessar, soon after coming to office, failed to attend a special CARICOM summit in Guyana that dealt with the CARICOM Single Market and Economy (CSME).The CSME allows for the free movement of skills, goods, services and labour across the 15-member grouping.“Unfortunately in the last five years, Trinidad and Tobago has acceded its leadership of CARICOM,” Rowley said, adding that a statement by Persad Bissessar that Port of Spain was no longer an ATM machine for region “which had the effect of annoying our CARICOM neighbours and I don’t think that…has abated in any way”Rowley said that a “healthier CARICOM would also mean a healthier CARICOM and we have a leadership role and we have not acted as a leader in CARICOM and we intend to reverse that position and ensure that CARICOM remains a regional entity…and Trinidad and Tobago will not speak down to CARICOM leaders and promise them aid if they will trade with us”.Rowley said a PNM government would also seek do have more cooperation with regional countries, pointing out that he was prepared to cooperate in energy matters with Barbados and that talks would be held with Guyana and Suriname on strengthening bilateral relations..“The world is getting more and more complex…we need to work together and Trinidad and Tobago in CARICOM will assume a leadership role there,” he said.Meanwhile, Rowley said a PNM government would back Sir Ronald Sanders, Antigua and Barbuda’s nominee for the post of Commonwealth Secretary general. Sir Ronald faces a challenge from Dominica-born Baroness Patricia Scotland, the former attorney general in the United Kingdom, who is Dominica’s nominee.Regional leaders had failed during the summit in Barbados in July to agree on a Caribbean nominee and left the matter to be dealt with by the CARICOM Bureau, comprising the prime ministers of Barbados, Belize and the Bahamas.“We have been following this matter for quite a while and we support Sir Ronald Sanders from Antigua,” Rowley added.last_img read more

  • Maroons give Billy Slater perfect send-off

    first_imgBY PETER BADEL Bye Bye Billy. This is the glorious script you deserved. Courageous Queensland last night summoned every fibre of spirit to deny NSW a clean sweep and send retiring fullback Billy Slater out a winner in the Maroons’ pulsating 18-12 victory at Suncorp Stadium. Before 51,214 fans, the desperate Maroons overcame intermittent rain, the disappoint¬ment of a series loss and a furious NSW riposte to stave off the embarrassment of a 3-0 Blue-rinse. It was a deserved triumph for the Maroons, with recalled halfback Daly Cherry-Evans superb as flying winger Valentine Holmes produced a double to bury the Blues in another Origin thriller. Fittingly, it was an emotional ending for Slater, the champion custodian who finished with man-of-the-match honours as he equalled Wally “The King” Lewis with his 31st and final match for the Maroons. Built on a graveyard, the ghosts of Lang Park have looked after Queensland’s greatest servants with Darren Lockyer, Justin Hodges and Petero Civoniceva all enjoying successful finales at this ground. This time, Slater got his dream send-off but it wasn’t always guaranteed, with NSW overcoming a superb Queensland first half to steal a shock 12-8 lead at halftime. But with the Maroons on their knees, they summoned their special spirit, with tries to Holmes (52nd minute) and Cherry-Evans (58th) driving the dagger into the Blues as Queensland clawed back respectability. While Cherry-Evans proved he is Origin class, centre Dane Gagai was also magnificent, amassing 183m and four tackle busts as Greg Inglis’ replacement. The first half was one of the most brutal and baffling in Origin’s 38-year history. It was totally mystifying that a 40-minute opening stanza that should have buoyed Queensland’s self-belief, but ultimately, and almost imperceptibly, rocked their spirit. That the Blues went to the sheds leading 12-8 – after being under siege for 32 minutes – was testament to their composure, defensive application and Queensland’s offensive conservatism. On possession alone, Queensland should have led by at least 10 points at halftime. The Maroons had 23 sets to 13. They had 68 per cent of possession. Incredibly, the Maroons had seven straight sets in a 14-minute window. It should have been the statistical platform for a Maroons massacre. Instead, with every desperation tackle and repelled set, the Blues picked apart at Queensland’s fragile self-belief, proof Origin is less about skill and more about psychology. It was a tribute to NSW’s defensive heart that Queensland’s opening points in the 11th minute came not via slick execution, but freakish opportunism. With their first genuine raid on the hosts’ tryline, NSW pivot James Maloney threw a cut-out pass and watched in horror as Maroons winger Holmes swooped, racing 95m to score for 6-0. With NSW floundering on the ropes under the weight of five dropouts, Queensland should have put them to the sword. At one stage, they had a staggering seven consecutive sets … at a time when Maloney was sent to the sin bin for a 30th-minute professional foul on Slater. Even at 8-0, there was a sense Queensland’s lead needed to be greater. Momentum shifts are inevitable in Origin and when it occurred off the back of a dismal Queensland blunder in the 37th minute, NSW pulled the trigger. Two tries in three minutes. Bang. The Blues were back. A woeful Cameron Munster intercept pass enabled NSW winger Tom Trbojevic to race 90m and when speedy hooker Damien Cook sucked in Josh McGuire to put James Tedesco over 13 seconds before halftime, the Maroons went to the sheds shell-shocked and trailing 12-8. Staring at the embarrassment of their first 3-0 defeat in almost two decades, Queensland dug deep and found the famous spirit that defines a proud state. With the series gone, the Maroons had every right to ¬capitulate. Instead, they found the heart to exhilarate. Two tries in six minutes sent Suncorp into a frenzy. In the 52nd minute, Slater marshaled every ounce of his speed to ignite the raid that gave Holmes his second try and when Munster stepped through in midfield for Cherry-Evans to finish, the Maroons surged clear at 18-12. The final quarter was as fierce, willing and desperate as any Origin encounter. Munster dislocated his finger, yet refused to leave the field. Their hands on hips, the Blues looked gone, yet somehow found the energy reserves to launch a series of furious last-ditch plays. With two minutes to play, NSW winger Josh Addo-Carr streaked away and passed to Trbojevic, who set sail for the tryline. But that man Slater, the greatest fullback we have seen, was there to save Queensland. He’s done it so many times. He did it again. Farewell Billy.last_img read more