Portal subsidiaries sold off in MBO

Pow, Helen
June 2009
Money Marketing;6/25/2009, p2
The article reports on Honister Capital's (HC) purchase of The Money Portal (TMP) Ltd. subsidiaries Burns Anderson, Sage Financial Services and Willis Owen, as part of the change in the TMP administration. The principal assets of Bates Investment Services have also been sold to Honister Partners (HP), an HC subsidiary. As a result, Mark Lund, former TMP chief executive, will be heading the HC. He expresses his delight over the transactions and hopes that this can elevate the company performance.


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