Background To The Cabot Buyout

[FANTASY CHARGES]

apologies if this exact thread has been posted before but this is the version from the horses mouth (shergar)

 

thought for the day shergar got stolen so did £10,000 from the top bods account at barclays

 

Barclays Private Equity - Buy Out Portfolio

 

Cabot Financial

 

10 Apr 2006

Cabot Financial

The Deal

 

• Barclays Private Equity originally backed the £99m management buy-out of Cabot Financial in January 2004 taking a majority stake.
  
• Cabot was established in 1998 and was a pioneer in the UK market for buying charged off debts from banks and other major lending companies.
  
• Cabot has a 15% share of the UK debt purchase market. Since the MBO the company has grown from 800,000 customer accounts to 1.3 million.

The Exit

 

• In April 2006, Barclays Private Equity realised its investment in Cabot Financial selling the company to Nikko Principal Investments Limited (NPIL) at a value of £275m, generating a 3x return on investment.
  
• Barclays Private Equity has re-invested funds of £25m alongside NPIL to support the continued development of the business.
  
• Barclays Private Equity with NPIL and the management of Cabot intend to build on the successful growth of the business by supporting the company's expansion into Continental European markets.

 

 

 

 

 

 

Buy Out Portfolio

 

 

Barclays Private Equity Sells Cabot Financial Holdings Group in £275 Million Secondary Buy-Out

 

10 Apr 2006

Nikko to help fund Cabot Financial’s expansion into Continental Europe

 

Nikko Principal Investments Limited ("NPIL"), the European principal finance arm of Nikko Cordial Corporation, announces that it has acquired the leading debt purchasing business in the UK, Cabot Financial Holdings Group (“Cabot”), in a £275 million transaction.

 

NPIL acquired Cabot from Barclays Private Equity (“BPE”), the pan-European mid-market private equity house. The deal was led by Simon Oakland and Peter Gissel, Principals of NPIL, who will become directors of the company. Ken Maynard, Chief Executive, Glen Crawford, Managing Director and other senior management will be reinvesting and importantly continuing in the business. Barclays Private Equity has also re-invested funds of £25 million, alongside NPIL, with the mutual aim of supporting the continued development of Cabot in the

[Seahorse]

Smug looking feckers, ain't they?

[FANTASY CHARGES]

Smug looking feckers, ain't they?

 

ERRR note to the right is the thames as in "deep water" which is in fact exactly where they are going

 

 

don't they look sporty ....................obvious potential "pocket billiard" champions

[tbern123]

in business the big fish (nikko) eat the little fish (cabot)....

 

They only thing is there is always a bigger fish

 

Citigroup Acquires Nikko - New York Times

[Seahorse]

And look what's happened to Citigroup in recent times.

 

Suddenly, lending to people who have no way to pay back their borrowing doesn't seem such an attractive proposition, does it?

[FANTASY CHARGES]

TRUE !

 

THIS GEEZER SIMON OAKLAND GETS EVERYWHERE!

 

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