UK - Barclays Ventures backs MBO of portable accommodation hirers

Barclays Ventures has backed a ТЃ11m management buyout of Rollalong Hire from the Newman family. In the year to 31 December 2006 Rollalong Hire is expected to achieve an EBITDA of ТЃ2.5m. The deal was entirely funded by Barclays Ventures and having secured and executed the transaction quickly, Barclays Ventures intends to redeem a proportion of its funding via a debt raising exercise over the next few weeks.