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 an Bonde Nielsen moved in 1981 from Denmark to the UK and became involved in the property market which he considered to be undervalued. Sir Brian Wolfson, CEO of Granada TV, Professor Roland Smith, Chairman of Harrods, John Craig, Managing Director of Rothschilds and Tony Clegg, Chairman of Mountleigh Group plc supported Jan Bonde Nielsen in a number of projects in which property assets were acquired, restructured and sold for significant profits.
Phoenix Properties and Finance plc
In 1985 Jan Bonde Nielsen acquired 29% of this public company through injecting various property assets. The acquisition price was 34p a share. Over a two year period and under new management the assets of the company were improved. Jan Bonde Nielsen sold his interest in 1987 at a price of 184p a share.
Wembley plc
In 1986 the ownership of Wembley was in dispute and became the object of considerable litigation. BET plc owned 49% of the Company with private investors controlling the rest of the shares. There was a very complicated structure of cross shareholdings and dubious share ownerships. This was further complicated by one of the owners going into receivership between exchange and completion of one particular transaction which resulted in Bank of England intervention. Jan Bonde Nielsen, supported by a group of financial investors, nevertheless managed to acquire the Company and under the management of Sir Brian Wolfson turned around the fortunes of this world-famous business.
Bugge Eiendoms AS
A Norwegian public company with extensive property interests in Norway and the UK. This company went on to acquire significant shareholdings in UK public companies using bank finance and suffered dramatically from the stock market crash in 1987. Jan Bonde Nielsen orchestrated a successful rescue take-over by Mountleigh Group plc.
Mountleigh Group plc
Following the deterioration in health of the founding Chairman, Tony Clegg, Jan Bonde Nielsen in the early 1990s put together a group of financial investors and acquired a 20% interest in the Mountleigh Group with the purpose of maintaining management control and restructuring the assets of the group. Ultimately the shares were sold at a significant profit.
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