TITLE

Polestar accounts reveal Sun buy details & reduced losses

AUTHOR(S)
Nias, Simon
PUB. DATE
July 2011
SOURCE
PrintWeek (Haymarket Business Publications Ltd);7/15/2011, p2
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article discusses Polestar UK Print's financial accounts for the year ended September 30, 2010, revealing details of its acquisition by Sun European Capital Partners on April 15, 2011. It notes the improvement in pre-tax and operating losses, 20 million pound cash injection from Sun and 200,000 pound equity. It talks about inter-company loans, Goldman's acquisition of five percent of Polestar UK Print, and Polestar's financial restructuring prior to Sun's acquisition of Polestar UK Print.
ACCESSION #
64088644

 

Related Articles

  • Button owners show strategy.  // Packaging News;Jul2011, p3 

    The article reports on the plan of the investment firm Sun European Partners LLP to merge its European packaging operations into a group under the Britton Group PLC brand.

  • Polestar to close Aberdeen.  // Printing World;5/5/2003, Vol. 282 Issue 4, p2 

    Reports on the plan of Polestar to close its AUP STM printing operation in Aberdeen, Scotland. Loss of jobs due to the closure; Reason behind the facility's closure; Corporate background of AUP.

  • Polestar says decline has been halted as equity swap kicks in. Nias, Simon // PrintWeek (Haymarket Business Publications Ltd);7/9/2010, p3 

    The article highlights the financial performance of the printing company, Polestar Group, in 2009 including its operating loss and net debt for the financial year and the decrease in pre-tax loss resulting from a debt-for-equity swap in November 2008.

  • Will Wyndeham buyout lead to consolidation? DANIELLI, DARRYL // PrintWeek (Haymarket Business Publications Ltd);12/12/2008, p19 

    The author reflects on the implication of a possible Wyndeham buyout for the printing industry. He argues that there had been rumours of the imminent demise of Wyndeham since the Icelandic banking crisis broke in September 2008. He claims that the change of ownership comes as a no surprise as it...

  • Long-run looks set for further consolidation. Brooks, Josh // PrintWeek (Haymarket Business Publications Ltd);6/5/2008, p19 

    The author comments that consolidation of European printing industry will be a trend in the long run. Polestar is rumored to be planning to buy Wyndeham, while RSDB is close to merge with Quebecor World. The merged entity of Polestar and Wyndeham will create the biggest print group in Great...

  • Polestar takes over Httprint software arm. Grant, Alex // Printing World;11/6/2003, Vol. 284 Issue 5, p14 

    Reports on the acquisition of the e-commerce division of Httprint by Polestar Group in Milton Keynes, England. Divisions of the businesses of Httprint; Merger on the e-commerce part of Httprint; Comparison on the turnover between the two distinct businesses of Httprint.

  • Memory Lane.  // PrintWeek (Haymarket Business Publications Ltd);5/22/2008, p107 

    The article recalls various news and issues of concern to the printing industry in Great Britain. In 2007, Polestar planned to make 33 staff redundant at its gravure plant Varnicoat in Worcestershire, England in a bid to reduce capacity. John S Burns acquired three other print businesses in...

  • Holland returns to Polestar.  // Printing World;9/30/2004, Vol. 288 Issue 2, p3 

    Reports on the designation of David Holland as development director of book printing firm Polestar in Spain. Merger between Polestar Espagna and Grupo Prisa SA; Opening of new contracts for the printer; Expectation of company's expert director Jesus Damia on Holland's appointment.

  • Polestar Greaves closure adds to industry-wide job misery. Hall, Tom // PrintWeek (Haymarket Business Publications Ltd);8/15/2008, p5 

    The article reports on the closure of the Greaves bindery operation of Polestar in Scarborough, England. The company announced that around 190 employees will lose their jobs. The layoff was the result of the company's acquisition of two Ferag stitching lines, which according to chief operating...

Share

Read the Article

Courtesy of THE LIBRARY OF VIRGINIA

Sorry, but this item is not currently available from your library.

Try another library?
Sign out of this library

Other Topics