UK - Barclays Ventures backs MBO of portable accommodation hirers
Barclays Ventures has backed a £11m 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 £2.5m. 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.
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