News Corporate A&O, Camerons, Freshfields seal Welcome Break sale By The Lawyer 9 April 2008 11:24 17 December 2015 00:00 Sign in or register to continue reading. It's FREE Sign in Email Password Keep me logged in Forgot your password? Not registered? It's FREE! Register now Register with The Lawyer Anonymous 9 April 2008 at 13:10 The returns buyout firms are famous for…err… So Investcorp made £27 million from the sale after an 11-year investment. 5.5% overall or a 0.5% annualised return. They must be very pleased… Reply Link Anonymous 9 April 2008 at 16:55 Returns although you are looking only at capital growth- how much income did they take out over the 11 years? Reply Link Anonymous 9 April 2008 at 17:12 Err…not quite…. less the legal and other fees which as we know are a bit on the steep side once you get on the motorway… Reply Link Anonymous 9 April 2008 at 20:18 first comment not necessarily true … the owners could have paid themselves massive dividends in their 11 years of ownership! Reply Link Anonymous 10 April 2008 at 09:45 restructuring There were lengthy (and I assume expensive) bondholder disputes in 03 -04 over restructuring and refinancing Welcome Break’s 1997 whole business securitisation, which hit trouble when the company didn’t grow fast enough to generate enough money to repay bondholders. Fair to say that the company probably wasn’t a cash cow… Reply Link Anonymous 10 April 2008 at 14:45 Assumptions…. You probably should not assume that what has been sold is the same as what was bought…. Reply Link Anonymous 28 May 2008 at 20:26 welcome to slave labour-no breaks Most assumptions have an amount of truth. Perhaps Appia will attempt to hear the voices of those on the frontline who attempt to deal with customer concerns and who are constantly ignored. Reply Link Name Email Cancel reply Threaded commenting powered by interconnect/it code.