Williams F1

[Mark-C]

From the Dorilton Website:

Patience
We prefer to create value over the longer term by reinvesting cash flow while avoiding excessive leverage.

Partnership
We work actively with existing management teams recognizing that long-term business success is the result of a team effort. Dorilton views its role as providing additional capital for acquisitions and growth projects and support and expertise to take its companies to the next level.

Continuity
We partner with companies that are led by strong management teams and have a successful history and culture. We firmly believe in our companies continuing with the elements that have made them successful.

[Blib]

More.......

"Dorilton Capital is a family equity investment firm focused on the lower middle market. Dorilton invests on behalf of a single family, which gives it the ability to think in the long term with no set investment horizon while using a fraction of the leverage used in traditional private equity. The firm seeks to acquire, recapitalize, and support the long-term growth of small to medium-sized businesses across a range of industry sectors. Dorilton seeks control situations and prefer to partner with incumbent management to create value over the long term. Since inception, including bolt-on acquisitions, Dorilton Capital has completed over 40 transactions. Dorilton targets new platform companies with EBITDA generally between $3m and $25m. Target Industries include: Testing and Inspection; Industrial Services; Healthcare Services; and other business services and niche manufacturing."

[Muzzer79]

I wonder if Claire will be retained.....

[Mark-C]

Muzzer79 said:

I wonder if Claire will be retained.....

Both mine and Blib's posts from their website make mention of working with the current management structures ...

[andburg]

I expect to see some new sponsors from within group appear very shortly.

[sgtBerbatov]

Suppose this is good for the short term future of the team at the very least. I doubt it would remove the need for pay drivers though.

Over the medium and long term, I would think that they'll be looking to off load the team to recoup the investment.

[ralphrj]

As Williams is a publicly traded company they have to give more details to the markets.


Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) is today pleased to announce the completion of the sale of Williams Grand Prix Engineering Limited ("WGPE"), the operating subsidiary of the Group, to BCE Limited, a fund managed by Dorilton Capital Management LLC for €152 million (the "Transaction"). WGPE consists of the Formula 1 business, the minority stake in Williams Advanced Engineering, and all other trading assets and liabilities including all third party indebtedness of the Group.

We can only speculate why the company that bought Williams has the initials BCE...

[SmoothCriminal]

They need to rid Claire William's asap how can such a failure be in charge under new leadership, I understood why Frank would keep daddies girl.

[TheDeuce]

Mark-C said:

Muzzer79 said:

I wonder if Claire will be retained.....

Both mine and Blib's posts from their website make mention of working with the current management structures ...

Would they say anything else when they're seeking to attract businesses whose current owners are used being in charge of? That's the first concern those such as Frank and Claire would have I'm sure.

Most such buyouts do in fact leave the established management in place at least initially as it's important to maintain business and trading continuity. I'd assume Dorilton will have their own people in place at Williams to see how effective the key players are.

In the end, if Claire and whoever else are great at their job they'll keep their job/role. Obviously there is value in having a Williams family member remaining attached to the team in some form even if it's an honorary position.

It's still F1 and without Dad owning the team, any TP can lose their position if they fail to perform. So, we just have to wait and see.

[TheDeuce]

ralphrj said:

As Williams is a publicly traded company they have to give more details to the markets.


Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) is today pleased to announce the completion of the sale of Williams Grand Prix Engineering Limited ("WGPE"), the operating subsidiary of the Group, to BCE Limited, a fund managed by Dorilton Capital Management LLC for €152 million (the "Transaction"). WGPE consists of the Formula 1 business, the minority stake in Williams Advanced Engineering, and all other trading assets and liabilities including all third party indebtedness of the Group.

We can only speculate why the company that bought Williams has the initials BCE...

BCE... that is interesting Although a quick googling brings no apparent connection to the man himself.

[Lynchie999]

ralphrj said:

As Williams is a publicly traded company they have to give more details to the markets.


Williams Grand Prix Holdings PLC (WGPH, Ticker: WGF1) is today pleased to announce the completion of the sale of Williams Grand Prix Engineering Limited ("WGPE"), the operating subsidiary of the Group, to BCE Limited, a fund managed by Dorilton Capital Management LLC for €152 million (the "Transaction"). WGPE consists of the Formula 1 business, the minority stake in Williams Advanced Engineering, and all other trading assets and liabilities including all third party indebtedness of the Group.

We can only speculate why the company that bought Williams has the initials BCE...

Bernard Charles Eccelstone ... hmm

[2fast748]

Blib said:

More.......

"Dorilton Capital is a family equity investment firm focused on the lower middle market. Dorilton invests on behalf of a single family, which gives it the ability to think in the long term with no set investment horizon while using a fraction of the leverage used in traditional private equity. The firm seeks to acquire, recapitalize, and support the long-term growth of small to medium-sized businesses across a range of industry sectors. Dorilton seeks control situations and prefer to partner with incumbent management to create value over the long term. Since inception, including bolt-on acquisitions, Dorilton Capital has completed over 40 transactions. Dorilton targets new platform companies with EBITDA generally between $3m and $25m. Target Industries include: Testing and Inspection; Industrial Services; Healthcare Services; and other business services and niche manufacturing."

The bold bit is very intriguing. Dorilton's portfolio contains no companies I've ever heard of and paying £150M for the team doesn't even put it into football club (Premier League) territory so they could be anybody really.

[Mr Pointy]

I bet Liberty are glad the new Concord agreement was signed before Bernie became team boss

[snotrag]

Mr Pointy said:

I bet Liberty are glad the new Concord agreement was signed before Bernie became team boss

Good point that.

How pally are Bernie and Frank, going back? Obviously they were rivals, I don't remember often seeing them mentioned together that often though.

[realjv]

Well we'll just have to wait and see what happens but companies called 'Something Captial' make me nervous.

[sgtBerbatov]

SmoothCriminal said:

They need to rid Claire William's asap how can such a failure be in charge under new leadership, I understood why Frank would keep daddies girl.

I'm sick of this bullst. Every knuckle dragger on the internet says the same thing because the cars are poor. They weren't saying the same thing when Bottas and Massa were getting on to the podium. I also don't hear the heads of Vasseur or Steiner being called for, where arguably their team's performance have free falled in the last year or two.

snotrag said:

Mr Pointy said:

I bet Liberty are glad the new Concord agreement was signed before Bernie became team boss

Good point that.

How pally are Bernie and Frank, going back? Obviously they were rivals, I don't remember often seeing them mentioned together that often though.

Bernie and Frank are meant to be quite pally. There's a rumour/conspiracy theory doing the rounds (may even be in this thread) that Bernie helped engineer Maldonado's win at Spain for Frank's birthday. As I said, that's a rumour, but there's a definite favourable relationship there between them.

[Smollet]

Deesee said:

jsf said:

Deesee said:

jsf said:

Deesee said:

No chance not good enough, hence the 3 year (unheard of/longest term on the grid) contract at Williams..

honestly.

What you think he’s worth a one of two drives right now in the best car.. no chance..

Can you type that in English please.

Inglish..No probs..boss man..

Do you (@jsf) believe he (Russell) is good enough to drive in the top team (mercedes) right here right now?

& if (mercedes) the top team had free reign to pick 2 drivers they would pick that? Because they would not..

Without a doubt. Arguably the best newcomer since Verstappen.

[Muzzer79]

sgtBerbatov said:

Bernie and Frank are meant to be quite pally. There's a rumour/conspiracy theory doing the rounds (may even be in this thread) that Bernie helped engineer Maldonado's win at Spain for Frank's birthday. As I said, that's a rumour, but there's a definite favourable relationship there between them.

Bernie and Frank go back a long way. Bernie always helped Frank, financially in the early days, in other ways later on.

I don't put much stock into the Spain 2012 win conspiracy theory.

[vaud]

Muzzer79 said:

Bernie and Frank go back a long way. Bernie always helped Frank, financially in the early days, in other ways later on.

Spare engines, advanced payments, etc IIRC?

[anonymous-user]

Mr Pointy said:

I bet Liberty are glad the new Concord agreement was signed before Bernie became team boss

Quite the oposite, without the concorde agreement being signed, there wasn't the possibility of a deal being made for the sale of Williams.