Lehman backs Burfood to go private in MBO

Burford, the UK property group which owns the London Trocadero, is being taken private in a management buy out backed by debt provided by Lehman Brothers.

The newly created buyout vehicle, which has been named Thayer Properties, will pay £498m (€813m) for the company. Around two thirds of funding will come from the debt and the remaining equity from management.

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Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a BillionaireExternal link

Ray Dalio Sells Last Stake in Bridgewater, the Hedge Fund That Made Him a Billionaire