Content founders approach Baltimore over buy-back

Or, how to buy a £700m company for £20m...

By Jon Bernstein, 18 February 2002 09:38

NEWS A company sold for £700m in 2000 could be on its way back to its owners for a cut-price £20m as troubled security firm, Baltimore Technologies, seeks to cut its losses. David Guyatt and Andy Harris, founders of Content Technologies, sold their business eighteen months ago. Guyatt stayed with Baltimore after the sale and was appointed to the board last July when chief executive, Fran Rooney, was ousted. Now, according to the Sunday Times, Guyatt and Harris are joining forces with Amadeus Capital Partners, Cazenove Private Equity and Kennet Capital to buy the firm back. For more on Baltimore,

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