Bootle eyes Capital Economics sale

Well-known economist Roger Bootle stands to make tens of millions of pounds from the potential sale of his consultancy Capital Economics, in a deal which could value the group at £50m-£70m, according to reports.

Bootle has asked corporate finance company Quayle Munro to examine "strategic options" for the business, which employs 50 people in London, Toronto and Singapore, the Times reports. The economist owns two thirds of shares in Capital Economics which reported pre-tax profits of £4.9m last year, while revenue rose by a fifth to £13.3m. Based on average valuations of successful consultancy businesses, the company could be worth somewhere between £50m-£70m, according to reports. Smaller stakes in the group are owned by Bootle's colleagues, including Jonathan Loynes and Julian Jessop. Ac...