It will reap his firm (he is the chairman of Carlyle Europe) a £330 million return on an investment of £42 million.
Carlyle always rewards its people very well and this will reap him a seven-figure bung. Labour really doesn’t do these privatisations very well, it has excluded private investors from applying directly for shares. Not exactly popular capitalism, but an 800% return for foreign investors in three years. Is this the wealth redistribution Gordon Brown is always telling us about?