Guinness takes stake in North

Renowned commodity investor Tim Guinness has taken a stake in North Investment Partners.

Guinness is one of a number of new shareholders in the business, alongside the three non-execs announced this morning. Guinness has a 5% stake in the business, while another 5% is owned by Parmenion Capital Management chairman Andrew Martin Smith. Alex Catto, a non-exec at Neptune since 2002, and Tim Weller, chief executive of Incisive Media and chairman of E-Trader Group, also have a 10% stake. Weller has also taken on the role of non-executive chairman at the group. The investors have a 30% stake in total, and represent three groups of investors that are backing the company. ...