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News - Kwik-Fit owner in AA bid.
(From Post Magazine)
The owner of one of AA Insurance's main broking rivals has emerged as one of the front runners to buy the whole motoring organisation from Centrica.
CVC Capital Partners, the private equity group that already owns the tyre and exhaust specialist Kwik-Fit, is set to pay GBP1.5bn for the AA, according to market sources. Kwik-Fit has its own telebroking subsidiary - Kwik-Fit Insurance Services.
Geoff Miller, market analyst at Bridgewells Security, said: "The only possibility of the price moving on substantially from here is if there was to be an offer from a financial institution such as a bank or an insurer.
"However, they are only likely to do this if the firm fits their business strategically. At the moment, there is no sign of any of these companies ...
- Kwik-Fit to branch out into motor insurance
- Newspaper article from: The Independent - London RUSSELL HOTTEN March 17, 1995 700+ words
Kwik-Fit, the chain of tyre and exhaust...market share shrink." Swinton and the AA have seen falls in their customer base. Kwik-Fit would earn commission by selling...are a motor components business." Kwik-Fit yesterday reported a 16 per...
- Watch Dog: Kwik-Fit car seat Kwik-Fit can't fit!(Features)
- Newspaper article from: Birmingham Evening Mail (England) September 16, 2002 700+ words
...arrived Mr Giles returned to Kwik Fit only to be told the bad news...t want to know. 'Someone at Kwik Fit must be able to do it, it...seat to other places like the AA and Halfords but they won't...know.' When Watchdog contacted Kwik Fit customer services director...
- CENTRICA MAPS OUT ROUTE TO [pounds sterling]1.5BN HANDOUT IN AA SALE.
- Newspaper article from: The Evening Standard (London, England) July 1, 2004 700+ words
...been looking at buying AA for several years, since taking over the Kwik-Fit and Halfords...ago. CVC is moving Kwik-Fit's chief executive...to the same post at AA, while the repair...would be no merger of AA and Kwik-Fit. Permira director...
- Kwik Fit Insurance Recruit Top Award.
- Press release article from: PR Newswire June 23, 2009 700+ words
...Lanarkshire based insurance intermediary Kwik Fit Insurance has again scooped a leading...short-listed, the judges identified Kwik Fit Insurance's commitment to supporting...with various disabilities, to ensure that Kwik Fit Insurance continues to attract the...
- Kwik Fit Insurance Staff to Hit 1000 Mark With Recruitment Open Day.
- Press release article from: PR Newswire October 26, 2009 700+ words
...Scotland, Oct. 26 /PRNewswire/ -- Kwik Fit Insurance has launched a major recruitment...Brendan Devine, group managing director of Kwik Fit Financial Services, said: "We...a really exciting time for everyone at Kwik Fit Insurance as we aim to strengthen our...
- Kwik Save Under New Ownership.
- Press release article from: PR Newswire Europe February 28, 2006 700+ words
...With Picture In an exciting move for the Kwik Save brand, from midnight on 27th February 2006, Kwik Save stores have a new owner. BTTF Limited...specifically formed for the purpose of acquiring Kwik Save and is owned by an entrepreneurial group...
- Kwik Save Group plc
- Reference information from: International Directory of Company Histories January 1, 1995 700+ words
Kwik Save Group plc Warren Drive Prestatyn Clwyd...discounter to operate in the United Kingdom, Kwik Save developed the highly popular —...over 870 unpretentious, conveniently located Kwik Save stores throughout the United Kingdom...
- Kwik Fit Insurance Staff to hit 1000 Mark With Recruitment Open day.
- Press release article from: PR Newswire Europe October 26, 2009 700+ words
...Scotland, October 26 /PRNewswire/ -- Kwik Fit Insurance has launched a major recruitment...Brendan Devine, group managing director of Kwik Fit Financial Services, said: "We...a really exciting time for everyone at Kwik Fit Insurance as we aim to strengthen our...