Hot on the heels of the Minova deal, Close Brothers is near to completing another big profitable sale:
Bahrain's Investcorp says buys Moody International
Tue Jan 2, 2007 8:29 AM GMT
MANAMA (Reuters) - Bahrain-based investment bank Investcorp (INVB.BH: Quote, Profile , Research) said on Tuesday it agreed to buy energy and construction inspection services firm Moody International Limited for $311 million (158 million pounds) from Close Brothers Private Equity.
Full story:
Close Brothers bought the business for £31.1 million in 2004... nice return! This year's annual results sould be mega!!! Hopefully, we'll see CBG surge to £15 per share soon.
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