Exits, with a flourish
Article Abstract:
Exits can be a problem for investors in management buyouts (MBOs), though this is becoming easier in 1997. Smaller deals tend to involve longer periods of commitment by investors. Trade sales accounted for nearly half exits carried out in 1st half 1996, while receivership accounted for 28%, secondary buyouts for 12% and flotations for 11%. The exit should be considered at the start of the investment so that both managers and institutional investors are clear on the schedule and strategy.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
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An eye for a bargain
Article Abstract:
Development capitalists aim to improve returns from the stock market and need higher returns from unquoted investments to compensate for greater risks and lower liquidity. Companies have to be assessed carefully and the quality of the management is a key issue. Development capitalists can produce real value through backing companies which become attractive to future investors. This is a long-term process and short cuts are not available.
Publication Name: Investors Chronicle
Subject: Business
ISSN: 0261-3115
Year: 1997
User Contributions:
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