Melrose tells companies: cease being cowards and float within the UK | Enterprise

Melrose is not like some other firm within the FTSE 100. Half conglomerate, half funding agency, half engineer (mechanical, chemical and monetary), for the previous twenty years it has purchased unloved companies, restructured them, then offered them on, hoping for a revenue.

Its administration is paid handsomely when the technique goes nicely.

Should you suppose that feels like a personal fairness agency, you could possibly be forgiven. However there’s a large distinction. The place Blackstone or CVC elevate funds for his or her offers from non-public sources — endowments, rich households and pension schemes — Melrose will get its capital from the general public by way of the inventory market. Everybody from the enormous Vanguard tracker funds to the hobbyist retail investor can have a share of the motion.

Within the Eighties, such

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