City Link collapses on Christmas Eve

By Shane Schutte

On Christmas Eve, City Link went into administration, with private equity firm Better Capital founder John Moulton stating: “We chased every possible way to save this company.” And although he seems to regret the timing of the announcement, he explained that “trading while insolvent was a criminal offence”.

How to buy back your business

By Rod Flavell

Rod Flavell delisted FDM Group from AIM last year in a £39.4m deal backed by Inflexion. The process took two gruelling years and cost £4.5m in advisory fees. Here ?’s how the management team did it (and made it out alive).