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Friday, October 28, 2016

Venture Capital Group Eyes Cammell Laird

April 23, 2001

Venture capital group Patron Capital has approached the receivers of Cammell Laird about buying parts of the failed British shipbuilder, Reuters reported. Former Lehman Brothers banker Keith Breslauer who runs Patron was quoted as saying he had "expressed an interest in the U.K. business" to receivers PriceWaterhouseCoopers, but "we're not so keen on the international businesses." Last week the Independent newspaper said a private equity group owned by the Royal Bank of Scotland was considering a bid for Cammell Laird just days after the bank withdrew support from the shipbuilder and sent it into receivership. - (Reuters)

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