07-08-2006, 11:42 AM
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Phones4U boss Caudwell sells up
Quote:
The founder of the Phones4U mobile phone business, John Caudwell, has agreed to sell his business to two private equity investors for £1.46bn.
Doughty Hanson and Providence Equity Partners will buy Caudwell Holdings, which includes the Phones4U chain.
Mr Caudwell founded the group in 1987 and will get £1.24bn for his 85% stake when the deal is completed next month.
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A nice tidy little sum of money for Mr Caudwell, wonder how many houses, yachts etc he will buy for that!!!!!! 
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