UK - Bank of Scotland Corporate backs MBO of Conran Restaurants

Bank of Scotland Corporate Banking has provided a ТЃ47m integrated debt and equity package to support the existing management in the buyout of Conran Restaurants. The deal has enabled management, who have invested new cash, to significantly increase their equity stake in the business. The vendors, Conran Holdings Ltd, will retain the majority of the equity in the new vehicle with Bank of Scotland taking a minority stake.