PPRuNe Forums - View Single Post - LONDON CITY - 2
Thread: LONDON CITY - 2
View Single Post
Old 23rd Feb 2010, 09:47
  #1203 (permalink)  
WHBM
 
Join Date: Oct 2002
Location: London UK
Posts: 7,663
Likes: 0
Received 22 Likes on 18 Posts
Dermot may have actually got £750m in his bank account, but there's a whole raft of fees etc from the hangers-on to such a transaction to get to the final amount payable. Yes, that much more ! You need to get a "professional valuation".

"How much is the airport worth".

"Oh, let me have a look. Balance Sheet, P&L, yes ..... £750m.

"Good. Thank you".

"And our fee is 1% of valuation. That's £7.5m please".

"Here".

"It's a pleasure. Who is doing your 'second opinion' valuation, by the way .... ?"

Ad nauseam, ad nauseam. Not for nothing is Mergers & Acquisitions the most profitable part of City consulting work.
WHBM is offline