Baxi Seeks Investors to Finance New Buy-Outs

The HeraldFebruary 05, 2005

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Summary


DAVID Erdal, the former chairman of Tullis Russell, the paper firm, is drawing up plans to recruit successful entrepreneurs and pension funds to help finance a wave of employee buy-outs in Britain.

The Fife-based businessman is looking for investors to help increase the firepower of the Baxi Partnership, which he runs as the UK's only fund dedicated to helping people buy the companies for which they work.

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Extract


Baxi Seeks Investors to Finance New Buy-Outs

Three years after it was founded with pou...

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