Archive for June, 2010

Finding my feet

Thursday, June 24th, 2010

For most of my life I have prided myself on being able to keep my head above water when it comes to my finances. I always watch the pennies and I am normally way ahead of schedule when it comes to making payments for anything, but when my car went wrong in a big way last year. I suddenly found myself in financial dire straits. I was in a situation where I needed to be able to pay my mortgage, but my bill for the car repair had come to almost a thousand pounds, which knocked out most of my savings! I had some left over but not enough to pay my mortgage in full and I really didn’t want to fall behind.
I wasn’t sure what to do but one of my friends recommended a company called Elastic Credit to me. I had a look at their site and it appeared that they would be able to give me a short loan for the short fall, and I would be able to pay it back at the end of the month. This sounded too good to be true but I had nothing to lose so I agreed and signed up for the loan. The money was in my account the very next day, and I managed to get back on track. I couldn’t believe that Elastic Credit had got me back on my feet so quickly!

Avista Capital Partners finalises a controlling interest in IWCO Direct.

Wednesday, June 2nd, 2010

IWCO Direct are the nation’s top provider of direct mail services and solutions and they have now announced that they have allowed Avista Capital Partners to complete an acquisition of a controlling interest in their company, from Court Square Capital Partners, and this takes effect as of today. IWCO’s executive management team will retain day to day control of the operation IWCO have stated that they now expect growth to continue in a similar vein as before, and they plan to expand their integrated services platform into the Western parts of the U.S. They will also be looking to make new strategic acquisitions should the right opportunities arise.

Avista Capital partners is a well respected and competitive private equity firm working out of offices in New York City, and Houston, Texas. They have been running for over five years, and they already manage $2 Billion in private equity capital. Avista hopes to be able to continue investing in growth orientated areas of commerce, with a focus on Media, Heath Care, and Energy. With a group of well experienced investment professionals at the helm, it is anticipated that Avista will partner with more and more top management teams in the foreseeable future.