Categories:Corporate

A&O, Camerons, Freshfields seal Welcome Break sale

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Readers' comments (7)

  • 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...

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  • Returns

    although you are looking only at capital growth- how much income did they take out over the 11 years?

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  • 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...

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  • first comment not necessarily true ...

    the owners could have paid themselves massive dividends in their 11 years of ownership!

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  • 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...

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  • Assumptions....

    You probably should not assume that what has been sold is the same as what was bought....

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  • 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.

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