Funding blow for Waterstone's founder

Plans by the founder of Waterstone’s to buy the book store chain back for £280m (€406.1m) looked to be hit by a funding crisis today.

Funding blow for Waterstone's founder
Tue, 02 May, 2006 - 09:08

Plans by the founder of Waterstone’s to buy the book store chain back for £280m (€406.1m) looked to be hit by a funding crisis today.

The potential blow emerged after HMV, which owns the Waterstone’s business, said it had been informed that Lazard Private Equity Partners had withdrawn its support for a takeover attempt of the chain by Tim Waterstone.

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