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Tag Archives: Entrepreneurs

Is Harrods up for sale?

A good contact of mine told me the other day that Mohammed Al-Fayed wished to sell Harrods.   Some kind of marketing process was underway with a £2bn sticker price.  The business apparently makes about £50m EBIT (haven’t checked this) but has a complicated structure.  It’s also clearly a trophy asset in good times. Not [...]

The deal drags on

Signed engagement letter June 2008, price agreed on a solus deal twice so no auction, just a one on one negotiation with one interested purchaser.  EBITDA never really clear until recently, heads to be signed tomorrow, 15 months from starting discussion.  Mid market M&A in 2009…..

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John Moulton – entrepreneur of private equity

I use the term advisedly.  Having worked with many entrepreneurs who have had to leave the businesses they have created over the years, “succession anxiety” is a disease that can have some unpleasant outcomes.  In the middle of a sale process, it often leads to what looks like a narcissistic desire to prolong the process [...]