Yell of delight from Apax and Hicks Muse as they walk away with an £800m profit

09 Jan 2004

Goldman Sachs and Merrill Lynch started the New Year on a high note with a £720m placement of shares in telephone directory business Yell that continued their involvement with the company they brought to a £1.2bn IPO last July.

The issue, which was twice oversubscribed, enabled private equity firms Apax and Hicks Muse ...

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