Courthauld Announces Partial Sale of Carlton & Partners, the Business Turnaround Specialists

Courthauld's investors will be pleased to hear that the venture capital firm has secured a partial sale of its stake in Carlton & Partners, the business turnaround specialists, through a management buy-out.

(PRWEB) December 17, 2004 -- Courthauld's investors will be pleased to hear that the venture capital firm has secured a partial sale of its stake in Carlton & Partners, the business turnaround specialists, through a management buy-out.

In a deal that includes a full sell down of Courthauld's shareholdings in the specialist niche consultancy by February 2005, Courthauld's investors will at that time stand to gain a windfall exit at a return on invested capital in excess of 50 percent.

Senior partner at Courthauld, Kevin Foong comments, "This transfer of control from Courthauld's to the management of Carlton & Partners marks an important turning point in the development of the business turnaround specialist. We are confident that the firm is in good hands and will serve its clientele with its utmost diligence. As far as Courthauld's investors are concerned, this transaction marks a very satisfactory return on our capital in a very difficult market. And we fully expect Carlton & Partners to enhance our investment track record."

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