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Article: Management buyouts to reach GBP 20bn by year end
- Article from:
- Scotland on Sunday
- Article date:
- December 26, 2004
- Author:
CopyrightCopyright 2004 Scotland on Sunday. Provided by ProQuest LLC. (Hide copyright information)
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MANAGEMENT buyouts will hit GBP 20bn this year - the second
highest ever by value - according to preliminary figures released by
the Centre for Management Buyout Research.
The highest value recorded was GBP 23.9bn in 2000, which included
the GBP 3.5bn MEPC deal.
Exits have also been at an encouraging level this year, with the
total number standing at 258 by the end of November - 11 more than
the 2003 total.
However, the value of exits in 2003 has nearly doubled this year
to more than GBP 17bn.
That's the highest annual total ever recorded by some margin -
even though almost two thirds (64.4 per cent) of the total value
realised came from the 20 largest exits.
Tom Lamb, UK managing ...