Nothing but negotiation

 
The Gap Partnership

BlueBay founders net £82m each after successful sales negotiations

BlueBay Asset Management sold to Royal Bank of Canada for £963m

19 October 2010

The two founders of British hedge fund BlueBay Asset Management have made around £82 million each following the completion of sales negotiations.

Chief executive Hugh Willis and chief investment officer Mark Poole both made huge profits after selling the company to Royal Bank of Canada for £963 million.

The 485 pence-a-share offer represents a 29 per cent premium on the value of BlueBay's stock on Friday's close.

Mr Willis and Mr Poole set up the firm in 2001 and recently made £21 million from selling shares at 325 pence each.

Despite the sale, the pair still owned 17 per cent of BlueBay, allowing them to make a significant profit on their original investment.

They have confirmed they will stay on in their current roles and re-invest a quarter of the capital raised back into the business.

Stuart Duncan, an analyst at KBC Peel Hunt, said: "Blue-Bay is a highly attractive asset, which is trading well and delivering as expected. In our view, the offer price looks attractive." 

Gap News

March 2014

The Negotiation Roadshow 2014

Generating value through creative negotiation

Read more


July 2013

Trading Global: Negotiating in the Far East

The Gap Partnership are hosting a complimentary Lunch & Learn seminar in association with UK Trade & Investment

Read more


April 2013

GroceryAid Negotiation Event Raises £26,550

The Gap Partnership, in conjunction with Asda, SC Johnson and Waitrose, host one-day negotiation workshop

Read more


February 2013

Trading Global - Negotiating in the Far East

What is the impact of cultural differences on your negotiations?

Read more


December 2012

The Gap Partnership Release New Negotiation Video

The Nothing but Negotiation video series continues with collaborative negotiation

Read more