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MBO for Royal London private equity firm

Royal London Private Equity Partners is changing its name to RJD Partners as its four principals buy the firm.

The four principals of RJD Partners, chief executive David MacLellan and directors John Dillon, Richard Caston and Duncan Johnson are increasing their shareholdings to 85 per cent with former parent mutual insurer Royal London maintaining a 15 per cent stake in the firm.

The company was set up in 2001 by MacLellan and launched its first fund in April 2003. It will continue its strategy of investing in lower middle-market companies in the UK through management buyouts and expansion capital investments in the service and leisure sectors.

Recent deals have included a 50m fund-raising transaction for debt recovery agency Equidebt, a buyout of merchant services reseller Cardsave and 35m for Academy music group which owns the Brixton Academy and the Shepherds Bush Empire.

MacLellan says: “The increased shareholding by the principals provides us with greater alignment with the fund’s investors and reflects the success we have enjoyed since the company’s inception. We are delighted to be retaining Royal London as a shareholder and thank them for the support that they have given us.”


Threadneedle appoints new analyst on US equities

Threadneedle Investments has hired Alex Robarts as an analyst trying to increase its US equity coverage.Robarts will focus on financial services including the banking sector. His career started at Morley as an assistant fund manager before moving to Rothschild Asset Management as a US fund manager and analyst. He then joined Insight Investment where he […]

Uncover potential of US micros

The US micro-cap sector is under-researched and offers good opportunities for spe- cial situations managers with research capacity, says JPM discovery trust manager Chris Jones. The micro-cap sector in the US holds stocks with 50m-500m market capitalisation. There are 2,700 stocks in the universe and Jones says many have no analysts covering them. His team […]

PYV targets mortgage brokers with a second cut in PI rates

Independent Lloyd’s professional indemnity broker PYV has negotiated special PI rates for mortgage intermediaries with insurer St Paul Travelers. The rates are claimed to represent a cut of 25 per cent and cover general insurance as well as term and protection. It is the second time that PYV has cut rates for mortgage intermediaries by […]

Moneyquest appoints chairman to lead two-year expansion plan

Moneyquest has taken a key step in its plan to expand and challenge the leading mortgage broker firms with the appointment of its first chairman. Angus McSween will oversee the phone and online mortgage operation’s two-year plan and steer the company towards Aim listing. Managing director Steve Pollard and operations director Paul Reynolds aim to […]


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