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In June 2005, Kwik Fit was sold for £800m, to PAI Partners, a French-based private equity firm. Kwik Fit, Bermondsey (2010) The Kwik Fit Financial Services arm of the business, was sold by PAI to Fortis Insurance UK, now Ageas (UK) Limited, for a figure of £215m in July 2010. [5]
The 2024 Kwik Fit [1] British Touring Car Championship (commonly abbreviated as BTCC) was a motor racing championship for production-based touring cars held across England and Scotland.
Chairman of Kwik-Fit (present) Sir David Edward Reid (born 5 February 1947) is a British businessman and chartered accountant . He was until 2011 the chairman of Tesco , Britain's largest supermarket chain.
Kwik Fit: Consumer services Specialized consumer services Edinburgh: 1971 Car repairs, mechanics P A Linn Products: Industrials Electronic equipment Glasgow: 1973 Audio equipment P A Loganair: Consumer services Airlines Paisley: 1962 Airline P A Lothian Buses: Consumer services Travel & tourism Edinburgh: 1919
The company was established in 2002 as the Corovest International Real Estate Fund. It was floated on the Alternative Investment Market in 2006. [2] It changed its name to Redefine International in 2008 and converted to a Real estate investment trust listed on the London Stock Exchange in 2013. [3]
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In 2006, Farmer donated £100,000 to the Scottish National Party to help fund their campaign for the 2007 Scottish Parliament general election.Farmer commented at the time that it was not an indication of his political allegiance but that he wanted the SNP to be able to compete financially with their better-funded political opponents. [15]
In August 2002, he was hired as CEO of Kwik-Fit, after CVC Capital Partners acquired the company from Ford. [19] [20] He undertook a major restructuring of the business, including cutting 3,000 jobs. [21] During his tenure as CEO, profits increased by 250%. [18]
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