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Company type | Private |
---|---|
Industry | Merger Broking |
Founded | 1962 |
Headquarters | London |
Key people | Philip Craig Jonathan Reddaway |
Website | www.cheshamamalgamations.com |
Chesham Amalgamations is the trading name of Chesham Amalgamations & Investments Limited, a pioneering merger and acquisitions broking company based in the UK. It was formed in 1962 by Dr Francis Singer and Nicholas Stacey, both Austro-Hungarian, at 36 Chesham Place, Belgravia[1], with the intention of assisting
in "peaceful" mergers and, in this respect, played a small but significant role in the reorganization of UK industry during the Sixties and Seventies. The company was unusual in dealing only with uncontested mergers, and so avoided the protracted battles that were often harmful to the companies involved.
Stacey introduced Sir Miles Thomas, later Lord Thomas of Remenham, who had previously been Chairman of the British Overseas Airways Corporation, now British Airways[2], and President and Chairman of the National Savings Committee[3]. Thomas later became Chairman of Chesham.
The company benefitted from the 1966 British Socialist government, which with the formation of the Industrial Reorganization Corporation promoted and helped finance regroupings in industry, and thus encouraged a trend toward bigger business. In the year 1966-67 it successfully concluded US$50 million worth of corporate mergers.[4]
References
- ^ "The Story of Chesham Amalgamations" (PDF). Retrieved 2007-06-20.
- ^ "The History Of The British Airways Museum - 1987". Retrieved 2007-06-20.
- ^ "Janus: The Papers of Enoch Powell". Retrieved 2007-06-20.
- ^ "Britain's Cult of Bigness". Time. 1967-10-27. Retrieved 2007-06-20.
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