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ZPG to be sold for £2.2 billion to international private equity firm

first_imgZPG has announced that it is to be bought by a major US private equity firm that, assuming the deal goes through, will complete this Autumn.The buyer is Bidco Zephyr, a recently set-up London subsidiary of private equity firm Silver Lake Management Company which has made an offer to buy all the portal company’s shares for £2.2 billion.But the deal has the paw prints of DMGT, the owner of the Daily Mail, all over it and the announcement today about the proposed sale was lead by the company, which owns approximately 30% of ZPG’s shares and is its largest shareholder, and has none of the usual comment from ZPG CEO Alex Chesterman.43% premiumDMGT and the other shareholders of Zoopla’s parent company are to be paid £4.90p per share, way more than its current trading price of approximately £3.80, or a premium of 43%.This will almost guarantee the portal’s major shareholders will vote the sale through. The Daily Mail alone is to make £642 million from the deal.ZPG’s board, which includes two representatives from Daily Mail parent company DMGT, has recommended the deal to shareholders.The move, DMGT says, is to reduce the number of companies it invests in and generate more cash as its core news business faces a difficult media market.“The recommended all cash offer for ZPG promises to deliver a very significant return for DMGT,” says its Chief Executive Paul Zwillenberg (pictured).“The sale of our stake, pending shareholder approval at ZPG, fits with our long track record of successfully identifying new opportunities, incubating young businesses and supporting their growth to create value for shareholders.”More: Read how ZPG’s shares have been rising sharply recently.Paul Zwillenberg Silver Lake Management Company Daily Mail DMGT Zephyr Bidco Zoopla ZPG May 11, 2018Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021 Home » News » Marketing » ZPG to be sold for £2.2 billion to international private equity firm previous nextMarketingZPG to be sold for £2.2 billion to international private equity firmThe huge deal, which appears to be led by ZPG major shareholder DMGT, owner of the Daily Mail, will see all shares hoovered up by Silver Lake Management Company.Nigel lewis11th May 201803,101 Viewslast_img read more

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Easy-Pie.com (a subsidiary of Easy-Dough.com)

first_imgAlan Stuart is MD of Stuarts of Buckhaven and president of Scottish BakersI’ve been studying the budget airlines and have come up with the solution for all my pie problems. I am launching Easy-Pie.com, which will revolutionise the UK pie industry.Inspired by Simple Simon, my mission statement will be ’One a penny, two a penny’ and I believe that Easy-Pie.com will capture the lion’s share of the market. The website is based on our colleagues in the airline industry. Our pies will sell at the prices quoted in the mission statement, subject to a few modest extras, which will give our customers unprecedented options once unthinkable:-1. Comprehensive food safety insurance covering everything from foot-and-mouth and mad cow disease to bubonic plague and avian flu (only £100 for lifetime cover).2. Comprehensive cost increase insurance, protecting both of us from the effects of price rises like flour, wages, fuel etc (again only £100 for lifetime cover).3. A small credit card charge of £8, which lets you buy up to 10,000 pies at one time.4. The opportunity to customise your pies. For instance, if you want a particular filling, just choose from our menu of over 100, ranging from simple minced beef to venison, sole or even vegetables (surcharge applicable).Want your pies baked? We can do that from only £10 per dozen. However, we regret that during winter months September to June this will be £20 per dozen because our ovens start off much colder during this period.5. You might want to reserve your pies for a particular day (normally we deliver orders to suit ourselves). That is available for the same £10 per dozen no winter surcharge here! Finally, we will pack your order in secure temperature-controlled containers (only £5 each) to ensure absolute freshness on delivery. NB: if no-one is in when we deliver, we will leave the container on your doorstep.6. Credit terms available subject to an annual credit review at £2,500 or 2.5% of average credit balance, whichever is the greater.In certain circumstances, we will impose extra charges:Change of delivery address£50Order amendment£50Dealing with complaints£50So there it is, Easy-pie in a nutshell. How can we fail?All these revolutionary customer benefits add up, in my opinion, to an unbeatable deal. We expect an average selling price, based on our entire range, of no more than £2. Considering all the benefits available we feel that this is tremendous value when compared to our current average cost of £1.Seriously, we can learn a lot by studying the ways of Mr O’Leary and Co. They constantly seek new ways to make money and never lose sight of the fact that only the customer can provide that profit. Daft they are not.last_img read more