Just catching up on some interesting snippets from
the past week, among which is the fact that Stuart Wallis has joined HH
Associates as chairman, taking an equity stake in the print manager at the same
time.
Older readers may recall that Wallis, along with
David Jones, was the brains behind the creation of Communisis at the beginning
of the decade, when their investment vehicle John Mansfield Group snapped up
Rexam's commercial printing interests, Waddington, and then in short order Centurion
in a £417m spending spree.
The duo did very nicely out of the new group, sharing
almost £5m through an unusual bonus pool arrangement. Wallis retired from his
Communisis role in 2003 after the final payments were made under the "Mansfield 1999 Incentive
Plan".
I wonder what he makes of the current state-of-play
at his old business? And I also wonder if this deal-maker par excellence has a
further deal or two in his sights?
Under Wallis et al Communisis paid a
gasp-inducing £42m for Centurion. No wonder Robert MacMillan is delighted to
have him on board. HH's new chief financial officer Andrew Lipinski is also
ex-Communisis.
Definitely one to watch.