Lots to look through...
When you acquire a business that's been acquiring...needs quite a test to flush out value of intangibles, real business volume and unravel debt upstairs...
Daisy Group has granted a consortium led by CEO Matthew Riley extra time to make a bid to take the LSE-listed mid-market comms and tech outfit private. The exec, along with Daisy’s largest shareholder Toscafund Asset Management LLP and private equity house Penta Capital, last month made an approach to buy the business, …
ToscaFund is Sir George Mathewson. The fervent nationalist that is behind Alex Salmond's SNP and the current referendum shambles. Toscafund where also key players is the disastrous RBS / ABN AMRO shambles that the UK is still paying dearly for.
Quite ironic that Toscafund are delaying this deal until after the referendum vote.