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Covid crisis hampers sale of Monarch Aircraft Engineering's remaining assets | News

Administrators handling the collapse of UK-based MRO provider Monarch Aircraft Engineering (MAEL) are battling to sell the company’s few remaining assets after the coronavirus pandemic and its impact on civil aviation caused demand for spare parts to plunge.

Jersey , David-pike , Monarch-airlines , Companies-house , United-kingdom-based , Monarch-aircraft-engineering , Interpath-advisory , Petrol-jersey , Channel-island-based , Greybull-capital , ஜெர்சி , டேவிட்-பைக்

McLaren Strikes Another Major Deal To Keep The Lights On

McLaren Strikes Another Major Deal To Keep The Lights On
carbuzz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carbuzz.com Daily Mail and Mail on Sunday newspapers.

United-kingdom , London , City-of , Mclaren-artura , Anthony-murray , Mclaren-group , Applied-technology , Greybull-capital , Per-autocar , New-york-based , Side-view , Mclaren-applied

McLaren Sells Its Applied Technology Division For Undisclosed Sum

McLaren Sells Its Applied Technology Division For Undisclosed Sum
carscoops.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from carscoops.com Daily Mail and Mail on Sunday newspapers.

Saudi-arabia , United-kingdom , British , Anthony-murray , Mclaren-technology-centre , Saudi-arabia-public-investment-fund , Mclaren-technology-centre-in-woking , Greybull-capital , Laren-applied , Sky-news , Mclaren-applied-technologies , Public-investment-fund

McLaren 'to sell off Applied Technologies division to Greybull' : CityAM

McLaren 'to sell off Applied Technologies division to Greybull' : CityAM
cityam.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from cityam.com Daily Mail and Mail on Sunday newspapers.

Saudi-arabia , United-kingdom , Saudi , British , Applied-technologies , Greybull-capital , Sky-news , British-steel , Norman-foster-designed , சவுதி-அரேபியா , ஒன்றுபட்டது-கிஂக்டம்

Among the bidders for ArcelorMittal Gupta's French steelworks

ArcelorMittal, one of the largest steel producers in the world, is one of several companies willing to work in the steel mills of the French tycoon as

Germany , Rotherham , United-kingdom , Paris , France-general , France , China , Stocksbridge , Sheffield , Hayange , Lorraine , French

RICHARD KAY : Private equity fat cats live in luxury while High St brands are stripped to the bone

Not long before he acquired a sizeable stake in Debenhams, the former bankruptcy lawyer turned private equity baron David Bonderman decided to do some celebrating.

New-york , United-states , Folkestone , Kent , United-kingdom , Japan , Fort-worth , Texas , Florida , China , Jamaica , London

Ten deals to make your blood boil: How the private equity barons wrought havoc in British buy-ups

From care homes to high street shops, the steel industry and even vital defence firms, no corner of British business is safe from private equity raiders.
While the rest of the country has been battling the threat of Covid-19, buyout barons have been having a field day.
They have picked off household names at bargain prices and piled yet more money into their bulging coffers. This month alone, private equity predators have targeted four FTSE 250 firms in a £7billion assault.
The targets include property firm St Modwen and infrastructure group John Laing. Even before the pandemic, corporate Britain was littered with the corpses of once-proud companies that ended up as hollow husks after stints in private equity hands. The virus proved the last straw for some big names, including Debenhams.

Germany , China , Sweden , Nuffield , Oxfordshire , United-kingdom , United-states , Britain , Britons , Swedish , Chinese , American

Taxpayer to foot bill for Monarch rescue flights

Taxpayers will foot the £40 million bill for repatriating thousands of stranded Monarch customers when the airline collapsed in 2017.Documents from administrators at KPMG show that Greybull Capital

United-kingdom , Britain , Thomas-cook , Department-for , Greybull-capital , ஒன்றுபட்டது-கிஂக்டம் , பிரிட்டன் , தாமஸ்-சமைக்கவும் , துறை-க்கு , கிரேபுல்-மூலதனம் ,

Taxpayers left with £60m bill from 2017 collapse of airline Monarch

It was hoped a small amount could be recouped for the Department for Transport (DfT) at a time when the pandemic has wrecked the state's finances.
But papers released by auditor KPMG show Greybull lost £25million from the administration process, which was completed last month.
As a result the controversial turnaround group will not contribute anything at all to the eye-watering bill, which cost around £550 per passenger.
Marc Meyohas, Greybull's boss and co-founder, had said in a leaked letter to Parliament's transport committee that it had a 'moral obligation' to hand back cash if it made a profit.
The Civil Aviation Authority was forced to charter 34 planes from the likes of Easyjet and Qatar Airways days after Monarch went bust.

Qatar , Tunisia , United-kingdom , Britons , British , Marc-meyohas , Thomas-cook , Easyjet , Qatar-airways , Civil-aviation-authority , Department-for-transport-df , Greybull-capital

2021 Annual Gala Honoree: Sabrina Kay

2021 Annual Gala Honoree: Sabrina Kay
Dr. Sabrina Kay is the CEO of Fremont Private Investments. She is a veteran entrepreneur with diverse professional expertise in fashion, banking, technology, and education.
She started as an immigrant single mom from South Korea and established the first computer-aided fashion design college, Art Institute of Hollywood, out of her garage in LA’s Koreatown after dropping out of college. In less than a decade, she sold to a publicly-traded company (NASDAQ: EDMC) and retired in her 30’s as a philanthropist.
As a self-proclaimed recovering nonprofit junkie, Dr. Kay founded the Sabrina Kay Charitable Foundation and has served on more than thirty civic and charitable boards, as well as chairing After-School All-Stars Los Angeles since 2004 and being an active board member/chapter chair of YPO (Young Presidents' Organization).

Fremont , California , United-states , Hollywood , South-korea , Koreatown , Fremont-college , Los-angeles , Dale-carnegie , Sabrina-kay , California-association-of-private-postsecondary-schools , Entertainment-commission