Summary
What are we to make of the revelation that the venture capitalist buyers of Debenhams department stores are considering selling or floating the business, having extracted in a mere 16 months a goodly part of the Pounds 1.7 billion they paid?
Once again, hungry venture capital investors have made professional investors on the stock market look like so many babies, lumpenly waiting for someone to steal their candy.See the full content of this document
Extract
Debenhams Coup Like Taking Candy From a Baby...
Certainly, with such low interest rates, the VCs were able to borrow cheaply to fund the deal, so reducing the cost of their capital. By selling and leasing back a large slug of the store portfolio, the new owners have been...
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