Visage bosses cash in on £173m deal

Mar 2 2010 by Peter McCusker, The Journal

Deal makes history

THE deal is one of the largest private sales in the North East so far this century, far surpassing the sales of Newcastle-based SMD to Inflexion for around £70m, Burnopfield-based Quantum Specials for around £40m and Gateshead-based Anson to US oil and gas corporation National Oilwell Varco for around £70m.

Shawn Bone corporate finance partner at BTG McInnes Corporate Finance in Newcastle: "This surpasses any private company sales we have seen for some time.

"Many of the larger deals we are witnessing involve overseas companies buying British firms and this may be a reflection on the weakness of Sterling."