Is private equity good for growth?

MATT Hirst, chief executive of Chorley-based Utiligroup and Adam Hodges, the former chief executive of PlayNation, both took their businesses out of the ownership of larger corporates via private equity-backed management buyouts.

Hirst bought Utiligroup out from listed company Bglobal with the backing of NorthEdge Capital, while Hodges was supported by another Manchester investment firm, Palatine, in his acquisition from US-headquarted Inspired Gaming.

Both said this “energised” their teams and has bee... You can carry on reading for free, but you have reached the maximum number of pages an unregistered user can view. To register for an account, click here or login below...