Dawnay Day Quantum (DDQ) completed a management buyout of the just under 50% stake in the UK distributor owned by Dawnay, Day International (DDI) on August 27. The distributor is now fully owned by its board and employees. The transaction has been approved by the UK Financial Services Authority and is now complete, says DDQ in a release.
Mark Mathias, London-based chief executive of DDQ, says the distributor had been trading as normal in the interim, between the administration of DDI and the MBO
The week on Risk.net, July 7-13, 2018Receive this by email