A chief executive on average pockets about £16 million from leading a £100 million-plus takeover of his company, according to new research published yesterday by the Centre for Management Buyout Research. The Times reports that the most successful deals include Permira’s buyout of Homebase, the DIY retailer, which yielded a £442 million profit on an equity investment of £95 million. Meanwhile, Inmarsat, the satellite group behind Thailand’s new tsunami early warning system, is on course to yield Apax and Permira a five-fold return, worth more than £300 million, on their joint investment.
It says that serial private equity-backed deal-makers such as Rob Templeman (above) — who ran Homebase for Permira, Halfords for CVC Capital partners and now heads Debenhams for CVC and Texas Pacific — have made tens of millions of pounds in windfalls from leading buyouts. Thanks for reading Big Business