Sunday, 18 March 2007

Do the Sainsbury's pension fund trustees hold the key to a potential bid?


There's an excellent bit on Robert Peston's blog on the Beeb site about the role the trustees of the Sainsbury's pension scheme will play in any private equity bid. As so often, trustees - many of whom are trade union members - have a lot more power than is typically recognised. Does USDAW have anyone on the Sainsbury's fund? If so they ought to be talking to them asap.
at

3 comments:

  1. SharePoint Sheddie18 March 2007 at 23:08

    Hi Tom

    Usdaw is onto it already. I have passed this onto Peter Hartt who is a member of the pensions team.

    ReplyDelete
  2. Tom Powdrill19 March 2007 at 09:49

    Hi Dave

    That's great to hear. If there's anything you want me to plug on here about it just let me know.

    Here's a short piece from the Indie about how the WH Smiths trustees and the private equity bid they faced. Very similar scenario.
    http://www.findarticles.com/p/articles/mi_qn4158/is_20040724/ai_n12801293

    Tom

    ReplyDelete
  3. Anonymous26 March 2008 at 11:20

    When Rlxequity considers a company for acquisition, it looks for Riverside
    investment criteria     : market share that is a leader in its
    industry; operating profit margins in excess of 10%; strong management; diversified customer base.

    ReplyDelete