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BLG chief exec: Clydes deal is no rescue merger

With a fiercely independent partnership like Barlows has, there is no way they can be going into this deal voluntarily. Clydes is known for its no nonsense stance and in any other market would be considered the venture capitalist in this deal. In other words, come in and take the value and leave others to pick up the rest. I think comments regarding Jabba go too far. He has inherited a firm which needs to address its financials. Such a deal, if successful, would be a major coup for any manager working with such a firm as BLG. It is the best option going forward, if this is right, it could be the only option...

6-Jun-2011

4:43 pm