Exco Management Buyout? N.M. Rothschild & Sons Hired

- By FX Markets Staff
- @FXMarkets_
- 10 Aug 1990

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The management of Exco International PLC, which includes Godsell, Astley & Pearce (Foreign Exchange) Ltd. and Noonan, Astley & Pearce Inc. among other interdealer brokers, has recruited N.M. Rothschild & Sons to arrange a management buyout.

Exco is owned by British & Commonwealth Holding PLC, whose assets are being disposed of under limited form of bankruptcy proceedings.

Industry sources say that Richard Lacy, Exco's 43-year-old chairman, has obtained financing commitments from U.K. institutions

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