Latest news with #growthstrategy
Yahoo
7 hours ago
- Business
- Yahoo
Bishop Fleming secures minority investment from Synova
Private equity firm Synova has picked a minority stake in Bishop Fleming to back the next growth phase of the UK-based accountancy business. This investment from Synova, which oversees more than £1.7bn ($2.28bn) in capital in UK, Ireland and Continental European markets, will speed up Bishop Fleming's growth plan, a statement from the accountancy firm revealed. It is aimed at positioning Bishop Fleming among the 'leading' national accountancy firms in the UK, the statement added. The deal awaits regulatory approval. The accountancy firm's Better Growth strategy outlines a future of 'sustainable' growth, with the expansion expected to introduce new capabilities, specialist expertise, and talent. Bishop Fleming managing partner Andrew Sandiford said: 'We launched our Better Growth business strategy two and half years ago, designed to double the size of our business through sustainable organic growth. Our performance during that time has been unrivalled in the mid-market space, such that we are now extending that Better Growth vision to grow beyond £200m and over 2,000 people.' 'This investment is the next logical step to develop Bishop Fleming on the national stage through strategic planned M&A activity.' Sandiford added: 'We are delighted to select Synova as an investment partner to our business. We believe they deliver the best of both worlds. Uniquely enabling us to remain majority partner-owned and led, maintaining control of our business through a traditional partnership business model, but with the exciting backing of a minority investment that perfectly aligns and accelerates our business growth plans.' Bishop Fleming said it is only the second accountancy firm to deploy the full Workday ERP platform, an investment considered pivotal for scaling up the business. The firm, which reported a 15% fee growth to over £48m in 2025, runs nine offices across the South-West of England and West Midlands. Recent milestones in Bishop Fleming's growth include the launch of a new office in Birmingham at the start of 2025, expanding its presence in The Midlands. The firm also expanded its Bristol office and relocated its Exeter office to Winslade Park. Guidance for the transaction was provided by Alantra, a global financial services firm, with additional advisory from PwC, Strategy&, and Addleshaw Goddard. "Bishop Fleming secures minority investment from Synova" was originally created and published by International Accounting Bulletin, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Reuters
10 hours ago
- Business
- Reuters
UK's Mulberry plans 20 million pound capital raise as losses mount
June 20 - Britain's Mulberry Group (MUL.L), opens new tab said on Friday it intends to raise 20 million pounds ($26.98 million) of capital to help fund its growth strategy, as the embattled luxury firm forecast a loss of 23 million pounds for fiscal 2025. ($1 = 0.7412 pounds)
Yahoo
a day ago
- Business
- Yahoo
Trucordia wraps up debt refinancing to enhance capital structuring
Trucordia has concluded a debt refinancing process that is expected to improve its capital structure and support its ongoing growth strategy. The refinancing coincides with a $1.3bn investment from the Carlyle Group, announced earlier this month. The investment from Carlyle is intended to provide Trucordia with the necessary financial flexibility to pursue a variety of strategic initiatives and to allow for the repurchase of equity from current minority shareholders, thus simplifying the company's governance. The refinancing includes a $1.94bn first lien term loan B and a $548m second lien term loan B, arranged with Blue Owl Capital. Additionally, Trucordia has arranged a $400m revolving credit facility to support its future investment plans. The proceeds from this refinancing will be used to replace the company's existing 'unitranche' debt. Trucordia CEO Felix Morgan said: 'These transactions are transformative for Trucordia, creating new financial and governance structures that will support the company's continued growth. 'They reflect both the significant work we have done in the last four years to build the nation's next great insurance brokerage and the confidence in our strategy to accelerate our success.' JPMorgan Chase acted as the financial advisor for the refinancing and will also serve as the administrative agent for the revolving credit facility. Legal advice was provided by Orrick to Trucordia. In the first half of 2025, Trucordia completed five strategic acquisitions and implemented a new platform operating model to achieve economies of scale. "Trucordia wraps up debt refinancing to enhance capital structuring " was originally created and published by Life Insurance International, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Yahoo
3 days ago
- Business
- Yahoo
Dutch Bros Ramps Up Expansion: Are Same-Shop Gains Holding Up?
Dutch Bros Inc. BROS is rapidly expanding its footprint, backed by focused investments in real estate, development and construction. The company's enhanced site selection process and commitment to boosting new shop productivity are key drivers behind its growth plans. As Dutch Bros continues to scale, the strength of its same-shop performance remains a key the first quarter of 2025, total revenues rose 29% year over year to $355.2 million. This growth was supported by a balance of new shop openings and improved shop productivity. Dutch Bros also reported strong system same-shop sales growth of 4.7%, along with steady transaction is focusing on long-term expansion through investments in real estate capability and market planning. The company's development strategy includes building a strong real estate pipeline and refining site selection to open high-quality shops. Dutch Bros opened 30 new shops in the first quarter and plans to increase the opening rate in the second half of the year. The company is aiming for at least 160 system shop openings in forward, Dutch Bros aims to build a long-term growth story through consistent expansion and disciplined development. The company is targeting 2,029 total shops by 2029. Strong shop economics, expanding market presence and a total addressable market of 7,000 shops support this goal. Dutch Bros expects to deliver multiple years of mid-teens annual shop growth, driven by its focused growth strategy and solid Dutch Bros continues to broaden national presence, its ability to balance rapid expansion with sustained same-shop sales growth will be critical. Encouragingly, its disciplined approach to development and strong unit economics provide a solid foundation for long-term value creation. If Dutch Bros can maintain this momentum while navigating operational complexities, it may be well-positioned to become a dominant player in the specialty beverage space. CAVA Group, Inc. CAVA is actively expanding its footprint as part of the long-term growth plan. In the first quarter of 2025, the company added 15 net new restaurants, increasing its total locations by 18.3% year over year to 382 units. CAVA plans to open 64 to 68 net new restaurants in 2025 and is targeting at least 1,000 restaurants by 2032. New stores are consistently exceeding sales and margin expectations, while mature locations continue to post strong unit volumes and solid margins. CAVA's disciplined expansion, supported by efficient operations and strong unit performance, is expected to drive sustainable growth in the years International, Inc. EAT is also pushing its expansion plans despite economic challenges. The company is focusing on growing its brand Chili's through both domestic and international development. Brinker is working with franchise partners to strengthen Chili's presence in existing markets while pursuing opportunities in new, fast-growing regions. In fiscal 2025, the company expects to open up to 11 new domestic Chili's locations and 25 international units. Brinker's strategic focus on expanding Chili's global footprint and supporting franchise growth positions it for steady long-term expansion. Dutch Bros stock has risen 35.2% in the year-to-date period compared with the industry's growth of 0.1%. Image Source: Zacks Investment Research BROS is trading at a premium to the industry, with a forward 12-month price-to-sales ratio of 6.64X. The figure is well above the industry average of 4.04X. Image Source: Zacks Investment Research Although Dutch Bros' earnings estimates for 2025 have remained unchanged over the past 30 days at 61 cents per share, the projection still indicates year-over-year growth of 24.5%. Image Source: Zacks Investment Research BROS stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Brinker International, Inc. (EAT) : Free Stock Analysis Report Dutch Bros Inc. (BROS) : Free Stock Analysis Report CAVA Group, Inc. (CAVA) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Globe and Mail
4 days ago
- Business
- Globe and Mail
Dime Continues to Execute on Growth Plan with the Hire of Shawn Gines
HAUPPAUGE, N.Y., June 16, 2025 (GLOBE NEWSWIRE) -- As part of the continued execution of its growth plan, Dime Community Bancshares, Inc. (NASDAQ: DCOM) (the 'Company' or 'Dime'), the parent company of Dime Community Bank (the 'Bank'), announced today that Shawn Gines will join Dime as Executive Vice President, Corporate and Specialty Finance. Mr. Gines will play an integral role in the continued buildout and diversification of Dime's commercial lending businesses, including growing Dime's presence with corporate clients and private equity firms, overseeing the recently launched Fund Finance vertical, and building out other specialty verticals which over time will further diversify Dime's balance sheet. Stuart H. Lubow, President and Chief Executive Officer of Dime, said, "We are excited to announce the hiring of Shawn, who will be one of the cornerstones of our growth plans in the years ahead. Shawn is a very well-known and well-regarded banker with a strong track record. Dime continues to be the bank of choice for talented bankers.' 'Shawn's diverse experience in the geographies and asset classes we're building out will significantly accelerate our execution,' said Tom Geisel, Dime's Senior Executive Vice President of Commercial Lending. Gines, who will be based in Manhattan, was most recently Regional President for the NYC and New Jersey Metro Markets for Webster Bank. Previously, he was Senior Managing Director and led a Middle Market Commercial group at Sterling National Bank. Early in his career, Mr. Gines was employed at GE Capital and Bank of America where he held various roles with increasing responsibility. ABOUT DIME COMMUNITY BANCSHARES, INC. Dime Community Bancshares, Inc. is the holding company for Dime Community Bank, a New York State-chartered trust company with over $14 billion in assets and the number one deposit market share among community banks on Greater Long Island (1). ¹ Aggregate deposit market share for Kings, Queens, Nassau & Suffolk counties for community banks with less than $20 billion in assets.
