Magnet plc: The Test‐case?

Abstract

Reports on an attempt to launch an unprecedented management buyout, which was seen to have important repercussions for the whole of the £12 billion British buyout industry, and to represent a “test case” regarding the viability and suitability of American‐style leverage deals in Britain. Describes the problems that arose as Magnet plc′s debt increased and its ability to service its interest obligations was undermined.

Citation

Pogue, M. (1992), "Magnet plc: The Test‐case?", Management Decision, Vol. 30 No. 2. https://doi.org/10.1108/00251749210011205