Tag Archives: Parvus

Silchester acquires 5% stake in ‘underdog’ William Hill

SBC News Silchester acquires 5% stake in 'underdog' William Hill

London private equity firm Silchester has acquired a 5% stake in William Hill Plc, becoming the fourth largest shareholder of the FTSE-listed operator. Led by fund manager Stephen Butt, who is considered one of London’s top performing investors, Silchester specialises in taking ‘long-hold’ positions on businesses which it believes are undervalued. A tough two-years in which William Hill performance has …

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William Hill board to promote Philip Bowcock to Group CEO

SBC News William Hill board to promote Philip Bowcock to Group CEO

The Financial Times has reported that William Hill governance will announce the promotion of Chief Financial Officer and ‘interim’ CEO Philip Bowcock to the corporate leadership position of Group Chief Executive this Friday. Bowcock who joined the FTSE operator in November 2015 from UK Cinema chain Cineworld Group, has been acting as interim William Hill leader following the departure of …

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Parvus pushes for William Hill 2017 sale

SBC News Parvus pushes for William Hill 2017 sale

The Sunday Times has this weekend reported that London hedge fund Parvus Asset Management (Parvus) is lobbying for a 2017 sale of William Hill. Headed up by Danish financier Mads Eg Gensmann, Parvus is currently William Hill’s biggest investor with a 14% shareholding. The Sunday Times reports that Gensmann has been pushing William Hill governance for number months on the …

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Road to Recovery! Industry awaits William Hill full-year 2016 results

SBC News Road to Recovery! Industry awaits William Hill full-year 2016 results

Industry analyst are awaiting William Hill Plc’s full-year 2016 results which will be published on Monday 9 January. Following a year of woes for the FTSE-listed bookmaker, in which it had to issue an early profit warning following its first 2016 business quarter, industry commentators are eager to evaluate William Hill’s position coming into 2017. Hindered by the digital decline …

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No Go…William Hill & Amaya end merger talks

SBC News No Go...William Hill & Amaya end merger talks

The £5 billion merger between FTSE-listed William Hill Plc and Toronto TSX Amaya Inc has been abandoned. This morning both William Hill and Amaya governances’ updated investors declaring that the companies had withdrawn from merger talks. Issuing a corporate statement, William Hill detailed that it received ‘canvassing views from a number of major shareholders’. Last week London hedge fund Parvus, …

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No Deal…Parvus declares “no logic & no value” in William Hill-Amaya merger

SBC News No Deal...Parvus declares "no logic & no value" in William Hill-Amaya merger

London hedge fund Parvus Asset Management (Parvus) has publicly stated that it will not back the merger of William Hill and Amaya Inc, declaring that it sees ‘little strategic logic’ in the £5 billion ‘all-stock merger of equals’. Led by Danish financier Mads Eg Gensmann, Parvus is reported to be William Hill Plc’s largest investor owning approximately 14.3% of company shares. …

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