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Roger Bootle set to sell Capital Economics

Roger Bootle

Capital Economics founder Roger Bootle is looking to sell the economic consultancy in deal that could land him up to £50m.

The Daily Telegraph reports Bootle, who owns 68 per cent of the firm, has appointed advisers to prepare a sale of the business.

He has retained corporate finance firm Quayle Munro to work on a strategic review.

The Telegraph reports Bootle is selling up after turning 60 last year. He was paid £1.7m in each of the last two years.

Senior economists Jonathan Loynes and Julian Jessop hold 14 per cent and 7 per cent respectively with staff owning the rest.

Capital Economics made pre-tax profits of £4.9m in 2012 with £3.6m of capital and £4.2m of net cash. 


Henderson reopens UK Absolute Return fund

Henderson is reopening Ben Wallace and Luke Newman’s UK Absolute Return strategy following the decision to soft-close its funds 20 months ago. The asset manager soft-closed the strategy, which includes the Henderson UK Absolute Return Oeic and the Henderson Gartmore UK Absolute Return Sicav, on 30 November 2011 by imposing a 5 per cent initial […]


Friends Life partners with KRS for pensions Omo service

Friends Life has linked with Key Retirement Solutions to offer a whole of market shopping around service to pension customers who do not have an adviser. The provider says the non-advised arrangement will be piloted over the next few months and is being introduced to help people make the most of their pension when they […]


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