UK - RBS backs £21m buyout of chemicals business Tocris
Royal Bank of Scotland has backed the ТЃ21m management buyout of speciality chemicals business Tocris Cookson Ltd from its founding shareholders. The deal sees RBS taking an equity stake in the newco having provided a combined equity and debt package. It is the second time in two months RBS has undertaken an MBO. The last was the ТЃ17.5m buyout of Essex-based audio retailer Monitor Audio in March.
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