Lloyds buys lst-The Exchange

Scott, Tracey
August 2009
Money Marketing;8/27/2009, p1
The article reports on the majority stake bought by Lloyds TSB Development Capital Ltd. in 1st-The Exchange in Great Britain. It has invested 42 million pounds for a majority stake in the firm. David Child will continue to lead the team as managing director, Paul Yates as business development director, and Kevin Budge as finance and operations director. The deal serves as the biggest institutional buyout by private equity in the country in 2009.


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