Private equity fund takes stake in Keoghs

first_imgRegional firm Keoghs has secured a ‘significant investment’ from a private equity investor following approval as an alternative business structure this week. Mayfair-based LDC, part of the Lloyds Banking Group, is to buy a 22.5% share in the firm in a deal that will formally complete on 9 November, Keoghs announced today. Keoghs, founded in Bolton 44 years ago, is a defendant firm acting for over 60 insurers, public sector bodies, and large corporates, handling around 40,000 claims per year. The firm employs more than 1,200 people in Bolton, Coventry and Manchester. The firm said that the involvement of LDC will enable it to continue investing in people, processes and technology infrastructure while providing capital for potential strategic acquisitions to add complementary services and scale to its operation. Chief executive John Whittle said: ‘This is an important stage in our development. Securing the support of a long-term investor like LDC enables us to accelerate our growth strategy and invest significantly for the benefit of our clients, ensuring we’re able to meet the sector’s complex, evolving requirements and improve outcomes.’ LDC says it specialises in providing between £2m and £100m in equity finance for unquoted companies with a turnover of more than £5m and profits of more than £1m. Director John Garner said: ‘Keoghs occupies a position of real strength in the defendant insurance sector, with a well-earned reputation for quality and cost-effective service. ‘We’re excited about the opportunity to support the firm’s continued expansion and development as an ABS in an evolving and growing market.’ LDC is the second private equity firm to enter the legal services market, following Hamilton Bradshaw’s investment in Knights Solicitors, announced in June.last_img read more

USC/Clemson rivaly special to Elliott

first_imgCOLUMBIA – Shawn Elliott has several memories of attending football games between Clemson and South Carolina.USC interim head football coach Shawn Elliott gets after the defense against Florida at Williams-Brice Stadium in Columbia on Nov. 14, 2015.USC interim head football coach Shawn Elliott gets after the defense against Florida at Williams-Brice Stadium in Columbia on Nov. 14, 2015.Anyone who doesn’t believe the Gamecocks Interim Head Coach’s blood doesn’t bleed garnet and black just needs to hear one story.“A couple (Clemson/USC) games that really stand out to me has got to be probably the first one in 2010 up at their place. I had seen Carolina/Clemson games and had really experienced a lot over the years, but I had never coached in one and had never prepared for one.“It was just a really emotional day. I’ve got a lot of great Clemson friends. Boy, they were ragging and I’m ragging them back. Just to have the opportunity to kind of get that last phone call in that late evening was a fun one.”But, then, there was one rivalry game he attended that may stand out above the rest.“As a fan growing up, probably getting thrown out of Williams-Brice Stadium one time because I got a little bit too rowdy in here with some Clemson fans.”Elliott, from the time he was old enough to know what football is, has been a Gamecock fan.That means this game is not only important to him but he hopes it is to his team as well.“It’s a big week. When you go to school in South Carolina, you get someone coming up to you every day to talk about the Clemson game,” said Elliott. “What it’s going to take this year, who is going to win, and all that stuff. It’s the south, it’s college football season, and you’re going to hear that each and every day. The excitement keeps going, keeps building into practice and it’s always a fun one.“It’s an opportunity to know that one last win against the in-state rival can really make the rest of the year feel so much better than what it’s been the last few weeks for us. Our guys will have intensity and confidence. We have nothing to lose. We could easily go into our locker room and team meeting tomorrow and talk about the losses and reflect on those things, but we’re going to move forward and going to stay positive and try to make this the best week of our season. “Elliott is confident the Gamecocks will put in a good week of practice, putting the loss to The Citadel behind them.He admits to having a bad feeling about USC’s contest against the Bulldogs, however.“Up until after the Florida game, our spirits were good,” said Elliott. “I thought we were improving each and every week. I thought we had taken a hit at that moment. I was trying to do everything I could to keep our spirits up, pointing things out that they can play for and have motivation for, but I could see a chink in the armor after Florida and it carried itself into The Citadel game.“That’s my job to overcome that here in the last football game. I know I have to get that handled, and that is a difficult situation. I’ve got to get that done and that’s why I was placed in this role. That’s my job to overcome that. I think we’re going to have good spirits. We’re going to have a great week of practice and what I mean by great week, we’re going to have fun. We’re not going to hang our heads; we’re going to move forward. We’ll see what we have on Saturday for those guys.“last_img read more

U.S. Open 2019: Naomi Osaka, defending champ and world No. 1, bounced by Belinda Bencic

first_imgBencic completed a 7-5, 6-4 triumph in one hour and 27 minutes, reaching only her second Grand Slam quarterfinal with a win that ensures Ashleigh Barty will replace Osaka atop the WTA rankings.Back in the QF! @BelindaBencic defeats World No. 1 Osaka 7-5, 6-4 to reach the QF stage in Flushing Meadows for the first time since 2014…#USOpen pic.twitter.com/U77E34blRi— US Open Tennis (@usopen) September 2, 2019Bencic hit the ground running and opened up a 2-0 lead in the first set, only for Osaka to reel off three straight games.Any thought that normal service had been resumed proved misguided, however, and Bencic struck again as she nailed a passing shot to break before wrapping up the set when Osaka returned a serve out wide into the net.The world No. 12 did a tremendous job of extending the rallies and brought up triple break point in the fifth game of the second with another astonishing pass at the end of a remarkable rally. NEW YORK — Belinda Bencic produced a stunning performance here Monday to end Naomi Osaka’s title defense at the U.S. Open in the fourth round and bring her stint at the top of the world rankings to a close. Osaka won plaudits for her class on and off the court in the third round, persuading an emotional Coco Gauff to do a joint interview in front of the Arthur Ashe Stadium crowd after her straight-sets win over the 15-year-old American. U.S. Open 2019: Serena Williams calms fear over ankle injury U.S. Open 2019: Novak Djokovic in ‘constant pain’ for weeks with shoulder issuecenter_img As a result, she had plenty of backing under the roof of the same arena, but that did not inspire her to victory in the face of a magnificent showing from Bencic.Bencic, of Switzerland, had won her two previous meetings with Osaka, defeating her at Indian Wells and Madrid. Having had the benefit of Anett Kontaveit’s withdrawal from her third-round tie, Bencic continued her hold over the Osaka, of Japan, in fine style. Related News Osaka subsequently sent down a double fault and then called for the trainer. She carried on but was unable to make the inroads needed to restore parity as Bencic secured arguably the biggest win of her career, celebrating arms aloft as her opponent directed a tame off-balance forehand into the net.Bencic will next face Donna Vekic, who overcame Julia Goerges in three sets, in a match between two players looking to reach the semi-final of a slam for the first time.STATISTICAL BREAKDOWNBelinda Bencic [13] bt Naomi Osaka [1] 7-5 6-4WINNERS/UNFORCED ERRORSBencic – 29/12Osaka – 26/21ACES/DOUBLE FAULTSBencic – 0/6Osaka – 9/3BREAK POINTS WONBencic – 3/7Osaka – 1/1FIRST SERVE PERCENTAGEBencic – 61Osaka – 57PERCENTAGE OF POINTS WON ON FIRST/SECOND SERVEBencic – 82/59Osaka – 72/41TOTAL POINTSBencic – 69Osaka – 55last_img read more