Mid-tier firm BDO Stoy Hayward has been appointed by Gerald Ratner, former
chief executive of the Ratners jewellery chain – since renamed Signet Group – to
advice him on a bid for Signet’s UK chain, H Samuel.
The Daily Telegraph reported that BDO had contacted Signet’s
management on Ratner’s behalf about a possible deal.
Ratner lost control of the company that bore his name after publicly
criticising one of it products.
Two private equity firms – Apax and Kohlberg Kravis Roberts – are also
considering bidding for Signet, after they issuing a statement to the London
Stock Exchange confirming they have ‘jointly undertaken a preliminary analysis
of the company’ and said their ‘analysis included the consideration of a
possible offer for the company’.
The Financial Reporting Council has issued guidance regarding the annual reporting of 1,200 large and smaller listed companies. The letter highlighted the key issues and improvements that can be made in the 2016 reporting season
Baldwins Accountancy Group has continued investment in the north-east and appointed David Fish as a director in its corporate finance team
UK M&A activity bounced back strongly in July and August, according to analysis by the deals practice at PwC.
Smith & Williamson has added Jim Clark and Philip Marsden, of Marsden Clark Corporate Finance Limited, to its corporate finance team.