By Ben Marlow
Last updated at 10:23 AM on 8th April 2007
A sale would mean multi-million pound windfalls for Everest's senior management and Halifax Bank of Scotland, which bought the company for £63m in 2003 from the 3i private equity firm.
It would also mean yet another bumper pay day for Cheshire-based Brian Kennedy, who sold the firm to the 3i-backed management buyout team but retained a substantial stake.
Kennedy, whose personal fortune is thought to be about £250m, was recently revealed as the man partnering former Newcastle United manager Graeme Souness in his attempt to buy Wolverhampton Wanderers football club for £20m.
Kennedy, an Edinburgh-born former window cleaner, has built a home improvements business empire that, along with Everest, includes about 20 companies with a combined annual turnover of more than £500m. In recent years, he has bought and sold Stockport football club and has also taken over the champion Sale Sharks rugby union team.
Read more: http://www.thisismoney.co.uk/money/markets/article-1608864/Everest-could-sell-for-pound200m.html#ixzz1Qa9M6z4b
Last updated at 10:23 AM on 8th April 2007
A sale would mean multi-million pound windfalls for Everest's senior management and Halifax Bank of Scotland, which bought the company for £63m in 2003 from the 3i private equity firm.
It would also mean yet another bumper pay day for Cheshire-based Brian Kennedy, who sold the firm to the 3i-backed management buyout team but retained a substantial stake.
Kennedy, whose personal fortune is thought to be about £250m, was recently revealed as the man partnering former Newcastle United manager Graeme Souness in his attempt to buy Wolverhampton Wanderers football club for £20m.
Kennedy, an Edinburgh-born former window cleaner, has built a home improvements business empire that, along with Everest, includes about 20 companies with a combined annual turnover of more than £500m. In recent years, he has bought and sold Stockport football club and has also taken over the champion Sale Sharks rugby union team.
Read more: http://www.thisismoney.co.uk/money/markets/article-1608864/Everest-could-sell-for-pound200m.html#ixzz1Qa9M6z4b
