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Oct 31, 1999

"Quote, unquote"

Public-to-private deals are on the increase in the UK yet it's not all doom and gloom for small caps

Howard Robinson has had his fill of the City. The chairman of S Lyles, a UK-based carpet manufacturing group, is in the process of finalizing a deal that will allow him and his fellow directors to take the 87-year old company private, away from the ravages of the stock market. The deal will value his company at around £3.6 mn – a slight premium to its current stock market capitalization – on the basis of a turnover last year of £18.6 mn and pre-tax profits of £652,000. S

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