Public-to-privates: myths facts and opinions
Article Abstract:
There have been 89 public-to-private (PTP) transactions in the UK. Such deals have seen very mixed success, and this has prompted PTPs to be regarded quite negatively. However, there has been a significant rise in the number of PTPs since early 1998. Some observers believe that this is the result of venture capitalists re-acquiring businesses they previously took to the market. However, there have in fact been only seven PTPs that were previously management buyouts. PTPs certainly did not make money in the late 1980s, but there is little clear evidence regarding more recent deals.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 1999
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Public to privates
Article Abstract:
The West Midlands, England, region has lost more than 18% of its public limited companies since 1998. Many of these companies have undertaken public-to-private deals. A typical deal was the 128 million pounds sterling public-to-private of industrial distributor Wyko, with senior debt, mezzanine and working capital being jointly arranged by RBS and Bank of Scotland. Smaller public limited companies in the region are starting to attract attention from foreign bidders, and a cross-border deal could prove a better option than a public-to-private deal.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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Public-to-privates - some observations
Article Abstract:
Some recent trends in Europe's public-to-private market are analysed and their implications for debt syndication are discussed.
Publication Name: Acquisitions Monthly
Subject: Business, international
ISSN: 0952-3618
Year: 2000
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