August 2007 archive

Causeway acquires Elstree Computing

With my July holiday and the MBO at 4Projects, another event in the UK construction computing world almost slipped under my radar. Causeway Technologies (vendor of Causeway Collaboration) acquired Elstree Computing (ECL – with its own Information Manager document management and collaboration solution) last month (see Causeway news release). “With over 2,000 customers and employing 150 …

Continue reading

Permanent link to this article: http://extranetevolution.com/2007/08/causeway-acquir/

More on the 4Ps MBO

This week’s management buy-out of 4Projects was reported in north-east England newspaper The Journal this week.  The 1 August report, Wear IT specialist out to double its revenue, adds little to the news releases on 4Projects‘ and August Equity‘s websites, though it does revise last year’s turnover figure downwards by £200k to £3.2m from that previously reported in …

Continue reading

Permanent link to this article: http://extranetevolution.com/2007/08/more-on-the-4ps/

MBO at 4Projects (3)

So how much did the August-backed management team at 4Projects pay for the business (see previous post)? No figure was quoted in the release, and there are no hard and fast rules that we can apply. Business valuation is something of a mixture of art and science, with several ways to estimate a fair price. …

Continue reading

Permanent link to this article: http://extranetevolution.com/2007/08/mbo-at-4proje-1/

MBO at 4Projects (2)

Not being a financial wizard, I have been doing some research on what is involved in a management buy-out, so that I understand the implications of yesterday’s 4Projects announcement better. Wikipedia’s MBO entry yields some interesting background on private equity-backed MBOs: “The private equity investors will invest money in return for a proportion of the shares in …

Continue reading

Permanent link to this article: http://extranetevolution.com/2007/08/mbo-at-4project/

Load more