Search results for

SERVUS Holdings Ltd, a property management company owned by Nomura International's principal finance group, is to acquire the UK facilities management business of construction consultancy Turner & Townsend Group for £4.5m. Nomura aims to strengthen its hand in bidding for large property portfolios. The UK government has announced it will divest some further property estates, including the 750 buildings occupied by the Inland Revenue and Customs & Excise. Expressions of interest for that sale are to be solicited in the second quarter of 1999.

ROBERT Palache, managing partner of Clifford Chance's London finance practice and one of the most experienced securitisation lawyers in Europe, is to join Nomura International's principal finance group as joint head of securitisation. Working with Henry Cooke, who has responsibility for sales and trading, Palache will focus on structuring and origination. He will start work on December 1 with the title of director.

* Singer & Friedlander Capital Markets is to be bought out by its management in a deal to be completed by around the end of September. The 25-strong unit is best known as adviser to Asset Backed Capital, a leveraged investment company with $4.2bn under management, and historically a substantial participant in asset-backed markets. "The time had come when we felt it was right for us to go our own ways," said Tim Lyons, a director at S&F Capital Markets. He said that when the company started five years ago it had been aimed at advising corporates on structured transactions; it had since largely developed into a fixed income fund manager.