Rescue deal salvages office supplies group Vasanta and 1500 jobs
July 22, 2009 by admin
Filed under Career News and Advice
Vasanta, the office supplies company that employs 1,500 people, has staved off collapse after securing a £30m cash investment from a syndicate lead by
private equity group Endless.
By Peter Taylor
Published: 6:28PM BST 21 Jul 2009
Endless, a “turnaround” specialist, will take a 71pc stake in the
company, with the other 29pc held by key banks in Vasanta’s lending
syndicate, including Royal Bank of Scotland, Bank of Ireland and
Santander-owned Alliance & Leicester.
Richard Martin, Vasanta chief executive, said the group’s outstanding …
Read the original article at Telegraph