Unlike the flotation of Saga, which involved retail investors, Acromas has secured the backing of City institutions such as Aviva, Blackrock and Invesco to buy shares worth at least PS930m as part of a management buyin
fronted by former Green Flag boss Bob Mackenzie as executive chairman.
The French sold it on following a management buyin
with GIL Investments, part of the late David Grove's business empire, in 2004.
M3 advises on pounds 3.5m deal The Birmingham office of M3 Corporate Finance has advised a management team on the pounds 3.5 million management buyin
of the specialist products division of information security firm Clearswift.
Since 1985 a significant feature of the UK buy-out market has been the development of the management buyin
, where a team of outside managers/entrepreneurs, usually with the assistance of venture capitalists, purchase the equity of a company for which they were not previously working.
Crashed discount bookshop group, The Works, has been saved along with 2,200 jobs following a pounds 25 million management buyin
In 1993, the company was subject of a management buyin
and in 1996 was floated on the stock exchange.
Graham Caunce led a management buyin
at one of the the UK's largest independent specialist printers for the brewery and aerospace sectors across Europe.
It might be another of the venture capital firms, or it could be a management buyin
via a venture capital group.
Mr Cockayne completed a pounds 1 million management buyin
deal to acquire Kaybe with financial support from the Co-operative Bank's Birmingham Corporate Banking Centre.
Seymour Pierce director Jonathan Wright said: 'We're a short way away from each other on price, but it can still happen.' Mr Zockoll, aged 74, last month revealed that he planned to retire and to sell Dyno-Rod, reportedly to management buyin
vehicle Dyno, led by chief executive Kevin Mahoney.
He was in the transport industry before arriving at Nightfreight but before joining Nightfreight, Rob spent six months looking for a management buyin
. At the time he did not have a job.
Spanish tapas bars and restaurants chain La Tasca changed hands yesterday in a pounds 28.2 million management buyin