Returning to a private life

Article Abstract:

Management buyouts of public companies most often occur when the management can see how the company can be improved but the institutional investors will not support their actions. Often the businesses are not valued at their true worth on the stock market. Many venture capitalist companies are happy to invest in management buyouts. Public-to-private deals can be problematic and therefore may be expensive. The Midlands, England, has seen a increase in the number of public-to-private deals in 1998, from 13 deals for the whole of 1989, when the market was very busy, to 13 deals during Jan-Jun 1998.

Acquisitions Analysis, England, Acquisitions and mergers, Business enterprises, Financial analysis

---

Buy-ins and bought deals

Article Abstract:

The UK management buyout (MBO) market is increasingly moving towards direct financial deals or 'bought deals', where the investors act as principals. In such cases, the investors initiating the deal are not backing management but are assuming responsibility both for arranging finance and for putting in place the right operational management. However, it is hard to define bought deals and especially to distinguish them from large management buy-ins (MBIs). The trend towards bought deals has boosted the profile of venture capital, but may not be to the advantage of management teams.

Management, Venture capital companies

---

Milletts carries on camping

Article Abstract:

Milletts is the U.K.'s leading retailer of outdoor goods, with a turnover of 60 million pounds sterling. Accounting firm Deloitte and Touche, together with an expert team of managers and executives, was seeking an 'outdoor store' in which to invest. Milletts fitted the criteria and the project team competed with an experienced in-house management team to acquire the 160-outlet chain from parent Sears Group. Details of the project are presented in further detail.

Investment Offices, Investment Companies, Open-End Investment Funds, Misc Retail Stores, Miscellaneous Store Retailers, Miscellaneous Shopping Goods Stores, Retail industry, Retail trade, Investments, Mutual funds, Specialty stores, Deloitte and Touche Corporate Finance, Millets

Similar abstracts:

• Abstracts: Understanding the arrival of limited line discount stores in Britain. The international divestment activities of European grocery retailers
• Abstracts: A turn towards private equity. Reasons to be cheerful. Opportunity knocks
• Abstracts: Murray Johnstone Private Equity. Mezzanine Management

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.