Company type | Limited |
---|---|
Founded | 1997 |
Headquarters | , United Kingdom |
Website | www.ch-investments.co.uk |
Church House Investments Limited is a private British investment management company based in Sherborne, United Kingdom. Church House Investments and Church House Trust were corporately linked companies until Virgin Money acquired Church House Trust plc in 2010.
The origins of Church House can be traced back to 1792 when Edward Batten formed Messrs. Batten & Co. Batten was the senior of three partners and was later joined by his son John Batten in 1829. After a number of mergers and acquisitions in the nineteenth and early twentieth century the bank grew, until a number of the members of the Batten family were casualties of the First World War, leading to the company being purchased by what became the Westminster Bank. [1]
In 1924 Lieutenant Colonel Bill Batten assumed control of the legal practice, and then in 1978 the bank was re-founded. The name of Church House comes from the Queen Anne house just opposite St. John's parish church in the centre of Yeovil that was first occupied by Nathaniel Batten in 1720. The bank moved from the building in 1999 to a former glove factory, having grown too large for the old premises. [1] There are two companies using the Church House brand; Church House Trust and Church House Investments. The current Church House Investments company was incorporated on 3 December 1997. [2]
Following Richard Branson's Virgin Money acquisition of Church House Trust for £12.3 million in 2010, Church House Investments continued to operate independently. [3] At the time of the sale of Church House Trust to Virgin Money there was a management buyout of this company, the investment arm of Church House. [4] Burges Salmon advised on the deal. [5] The company currently offers investment management services including pension funds, ISAs, trusts and charitable foundations. It relocated from its Yeovil office to Sherborne, Dorset in November 2013.
A leveraged buyout (LBO) is one company's acquisition of another company using a significant amount of borrowed money (leverage) to meet the cost of acquisition. The assets of the company being acquired are often used as collateral for the loans, along with the assets of the acquiring company. The use of debt, which normally has a lower cost of capital than equity, serves to reduce the overall cost of financing the acquisition. This is done at the risk of magnified cash flow losses should the acquisition perform poorly after the buyout.
Investment banking is an advisory-based financial service for institutional investors, corporations, governments, and similar clients. Traditionally associated with corporate finance, such a bank might assist in raising financial capital by underwriting or acting as the client's agent in the issuance of debt or equity securities. An investment bank may also assist companies involved in mergers and acquisitions (M&A) and provide ancillary services such as market making, trading of derivatives and equity securities, FICC services or research. Most investment banks maintain prime brokerage and asset management departments in conjunction with their investment research businesses. As an industry, it is broken up into the Bulge Bracket, Middle Market, and boutique market.
The ING Group is a Dutch multinational banking and financial services corporation headquartered in Amsterdam. Its primary businesses are retail banking, direct banking, commercial banking, investment banking, wholesale banking, private banking, asset management, and insurance services. With total assets of US$967.8 billion, it is one of the biggest banks in the world, and consistently ranks among the largest banks globally.
The Bank of America Corporation is an American multinational investment bank and financial services holding company headquartered at the Bank of America Corporate Center in Charlotte, North Carolina, with investment banking and auxiliary headquarters in Manhattan. The bank was founded by the merger of NationsBank and Bank of America in 1998. It is the second-largest banking institution in the United States and the second-largest bank in the world by market capitalization, both after JPMorgan Chase. Bank of America is one of the Big Four banking institutions of the United States. It serves about 10 percent of all American bank deposits, in direct competition with JPMorgan Chase, Citigroup, and Wells Fargo. Its primary financial services revolve around commercial banking, wealth management, and investment banking.
The Bank of Nova Scotia, operating as Scotiabank, is a Canadian multinational banking and financial services company headquartered in Toronto, Ontario. One of Canada's Big Five banks, it is the third-largest Canadian bank by deposits and market capitalization. In 2023, the company’s seat in Forbes Global 2000 was 88. It serves more than 25 million customers around the world and offers a range of products and services including personal and commercial banking, wealth management, corporate and investment banking. With more than 89,000 employees and assets of CA$1,399 billion as of April 30, 2024, Scotiabank trades on the Toronto and New York exchanges. The Scotiabank swift code is NOSCCATT and the institution number is 002.
Yeovil is a town and civil parish in Somerset, England. The population of Yeovil at the last census (2021) was 49,698. It is close to Somerset's southern border with Dorset, 126 miles (203 km) west of London, 41.8 miles (67.3 km) south of Bristol, 6 miles (9.7 km) west of Sherborne and 27.6 miles (44.4 km) east of Taunton. The aircraft and defence industries which developed in the 20th century made it a target for bombing in the Second World War; they are still major employers. Yeovil Country Park, which includes Ninesprings, is one of several open spaces with educational, cultural and sporting facilities. Religious sites include the 14th-century Church of St John the Baptist. The town is on the A30 and A37 roads and has two railway stations.
Northern Rock, formerly the Northern Rock Building Society, was a British bank. Based at Regent Centre in Newcastle upon Tyne, United Kingdom, Northern Rock was originally a building society. It demutualised and became Northern Rock bank in 1997, when it floated on the London Stock Exchange with the ticker symbol NRK.
Deutsche Bank AG is a German multinational investment bank and financial services company headquartered in Frankfurt, Germany, and dual-listed on the Frankfurt Stock Exchange and the New York Stock Exchange.
A management buyout (MBO) is a form of acquisition in which a company's existing managers acquire a large part, or all, of the company, whether from a parent company or individual. Management- and/or leveraged buyouts became noted phenomena of 1980s business economics. These so-called MBOs originated in the US, spreading first to the UK and then throughout the rest of Europe. The venture capital industry has played a crucial role in the development of buyouts in Europe, especially in smaller deals in the UK, the Netherlands, and France.
Franklin Resources, Inc. is an American multinational holding company that, together with its subsidiaries, is referred to as Franklin Templeton; it is a global investment firm founded in New York City in 1947 as Franklin Distributors, Inc. It is listed on the New York Stock Exchange under the ticker symbol BEN, in honor of Benjamin Franklin, for whom the company is named, and who was admired by founder Rupert Johnson Sr. In 1973, the company's headquarters moved from New York to San Mateo, California.
Bain Capital, LP is an American private investment firm based in Boston, Massachusetts, with around $185 billion of assets under management. It specializes in private equity, venture capital, credit, public equity, impact investing, life sciences, crypto, tech opportunities, partnership opportunities, special situations, and real estate. Bain Capital invests across a range of industry sectors and geographic regions. The firm was founded in 1984 by partners from the consulting firm Bain & Company. The company is headquartered at 200 Clarendon Street in Boston with 22 offices in North America, Europe, Asia, and Australia.
Bridgepoint Group plc is a British private investment company listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.
Cerberus Capital Management, L.P. is an American global alternative investment firm with assets across credit, private equity, and real estate strategies. The firm is based in New York City, and run by Steve Feinberg, who co-founded Cerberus in 1992, with William L. Richter, who serves as a senior managing director. The firm has affiliate and advisory offices in the United States, Europe and Asia.
Virgin Money UK plc is a British banking and financial services company. It is listed on the London Stock Exchange and Australian Securities Exchange.
Uswitch Limited is a UK-based price comparison service and switching website founded in 2000. Users can conveniently compare prices across various sectors of energy, personal finance, insurance, and communications
In 2008 the Northern Rock bank was nationalised by the British government, due to financial problems caused by the subprime mortgage crisis. In 2010 the bank was split into two parts to aid the eventual sale of the bank back to the private sector.
Guggenheim Partners, LLC is a global investment and advisory financial services firm that engages in investment banking, asset management, capital markets services, and insurance services.
Landmark Mortgages Limited, formerly Northern Rock plc and later NRAM plc, is a British asset holding and management company which was split away from the Northern Rock bank in 2010. It was publicly owned through the British Government's UK Asset Resolution following Northern Rock's nationalisation in 2008 until NRAM plc was sold to Cerberus Capital Management in 2016. The company is closed to new business.
Bank and Clients plc was a British private bank, which was formed by combining: Church House Trust, a retail bank founded in 1978 and Ocean Capital, a specialist corporate lender founded in 2002. B&C was based in London, England.
NBNK Investments plc was a UK-based financial investment company formed by Lord Levene and a consortium of senior business figures in 2010. The aim of the company was to build a new large UK retail bank primarily through the acquisition of other banks.