Spey Investments
1967 The investment bank was formed at the initiative of Charles Gordon to allow large institutions a way of investing in unquoted company. It received support from 3 industrial pension funds who bought stakes in the bank but Charles Gordon and Robert Marmor continued to hold 60 percent of the equity between them.[1]
1969 Acquired 25 percent of Carmen Curler Co[2]. General Industrial Plastics (Holdings) was a subsidiary[3]
1970 Spey-Westmoreland Properties acquired Hallmark Securities[4]
1971 'Mr. Charles Gordon, the moving spirit at Spey Investments, is selling his control.'[5] After this the company sold its interests in finance.
1971 Sold 2 residential development companies[6]
1972 Acquired the 21 percent stake in Dreamland Electrical Appliances from British Domestic Appliances[7]
Spey had a controlling interest in J. and S. Engineers and owned 32.4 percent of Cray Electronics. They were considering merger[8]
Coventry Hood and Sidescreen Co would buy Betta Manufacturing and White Star Processing from Spey which would receive 27.1 percent of Coventry's equity in return[9]
The institutions gave up control of Spey by selling some of their stakes to William Brandt, Sons and Co merchant bank[10]
c.1978 Renamed Capital for Industry, a subsidiary of Grindlay's Bank[11]
See Also
Sources of Information
- ↑ The Times July 1, 1968
- ↑ The Times June 20, 1969
- ↑ The Times Nov. 4, 1969
- ↑ The Times Oct. 17, 1970
- ↑ Birmingham Daily Post - Thursday 01 July 1971
- ↑ The Times Oct. 22, 1971
- ↑ The Times May 18, 1972
- ↑ The Times June 24, 1972
- ↑ The Times Nov. 7, 1972
- ↑ The Times Dec. 22, 1972
- ↑ The Times Apr. 13, 1978