Chesham Amalgamations
Encyclopedia
Chesham Amalgamations is the trading name of Chesham Amalgamations & Investments Limited, a pioneering mergers and acquisitions broking
company based in the UK
. It was formed in 1962 by Dr Francis Singer and Nicholas Stacey
, both Austro-Hungarian, at 36 Chesham Place, Belgravia
, with the intention of assisting
Stacey introduced Sir Miles Thomas
, later Lord Thomas of Remenham
, who had previously been Chairman of the British Overseas Airways Corporation
, now British Airways
, and President and Chairman of the National Savings
Committee. Thomas later became Chairman of Chesham.
The company benefitted from the formation of the Industrial Reorganisation Corporation by the 1966 British Labour government
, which had the intention of promoting and helping finance regroupings in industry, and which thus encouraged a trend toward bigger business. In the year 1966-1967 it successfully concluded US$50 million worth of corporate mergers.
By 1969, the company had recruited Sir Neil Shields
as its third director.
Mergers and acquisitions
Mergers and acquisitions refers to the aspect of corporate strategy, corporate finance and management dealing with the buying, selling, dividing and combining of different companies and similar entities that can help an enterprise grow rapidly in its sector or location of origin, or a new field or...
company based in the UK
United Kingdom
The United Kingdom of Great Britain and Northern IrelandIn the United Kingdom and Dependencies, other languages have been officially recognised as legitimate autochthonous languages under the European Charter for Regional or Minority Languages...
. It was formed in 1962 by Dr Francis Singer and Nicholas Stacey
Nicholas Stacey
John Warner Nicholas Anthony Howard Szecsi , known as Nicholas Stacey, was a financial journalist, writer, entrepreneur and patron of the arts. He was born in Debrecen, Hungary but in 1939, came to England to study in the Faculty of Commerce at Birmingham University...
, both Austro-Hungarian, at 36 Chesham Place, Belgravia
Belgravia
Belgravia is a district of central London in the City of Westminster and the Royal Borough of Kensington and Chelsea. Noted for its immensely expensive residential properties, it is one of the wealthiest districts in the world...
, with the intention of assisting
Stacey introduced Sir Miles Thomas
Miles Thomas
Miles Webster Thomas, Baron Thomas, Lord Thomas of Remenham, known as Sir Miles Thomas, or Lord Thomas, DFC was Managing Director of the Morris Motor Company, 1940–1947, Chairman of the British Overseas Airways Corporation , 1949–1956, Chairman of the merger...
, later Lord Thomas of Remenham
Remenham
Remenham is a village and civil parish on the Berkshire bank of the River Thames near Henley-on-Thames in southern England.-Rowing:The parish covers the starting point of the Henley Royal Regatta course. Remenham Club is a private members club for rowers, with a good view of the river halfway along...
, who had previously been Chairman of the British Overseas Airways Corporation
British Overseas Airways Corporation
The British Overseas Airways Corporation was the British state airline from 1939 until 1946 and the long-haul British state airline from 1946 to 1974. The company started life with a merger between Imperial Airways Ltd. and British Airways Ltd...
, now British Airways
British Airways
British Airways is the flag carrier airline of the United Kingdom, based in Waterside, near its main hub at London Heathrow Airport. British Airways is the largest airline in the UK based on fleet size, international flights and international destinations...
, and President and Chairman of the National Savings
National Savings and Investments
National Savings and Investments , formerly called the Post Office Savings Bank and National Savings, is a state-owned savings bank in the United Kingdom. It is an executive agency of the Chancellor of the Exchequer...
Committee. Thomas later became Chairman of Chesham.
The company benefitted from the formation of the Industrial Reorganisation Corporation by the 1966 British Labour government
United Kingdom general election, 1966
The 1966 United Kingdom general election on 31 March 1966 was called by sitting Labour Prime Minister Harold Wilson. Wilson's decision to call an election turned on the fact that his government, elected a mere 17 months previously in 1964 had an unworkably small majority of only 4 MPs...
, which had the intention of promoting and helping finance regroupings in industry, and which thus encouraged a trend toward bigger business. In the year 1966-1967 it successfully concluded US$50 million worth of corporate mergers.
By 1969, the company had recruited Sir Neil Shields
Neil Shields
Sir Neil Stanley Shields, OBE, MC was a British politician and businessman.Shields was born in London and served as a major in the Royal Artillery in World War II, during which time he was awarded the Military Cross. In 1949 he unsuccessfully stood as the Conservative Party parliamentary...
as its third director.