One of region’s most successful businessmen considering £1.5bn deal
A self-made millionaire who founded telecommunications firm Daisy Group is looking to take full control of the business in deal worth £1.5bn.
Matthew Riley, who left school at 16 and founded the Lancashire firm in 2001, is in advanced talks to buy out the company’s shareholders.
According to reports Mr Riley decided to pursue a buyout after rejecting a proposal from Bain Capital that valued Daisy at £1.6bn.
Toscafund and Oakley Capital own around half the shares in the business and a deal is thought to be imminent.
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