NatWest takes helm in manufacturing venture
Sunday 03 September 1995
The deal marks a departure for UK venture capitalists, which usually provide about 30 per cent of the capital, but stay in the background as managers take the lead. NatWest has not only bought the companies outright but also assembled a management team led by Roger Hatfield, formerly a director of Evode Group.
Analysts see this move as further evidence that the Anglo-Saxon and German banking models are converging.
The German stock market has become more important to industry, while British banks are now more prepared to take an active role in supporting companies.
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