“It has been a tough market for the deal-by-deal model. All of the deals we have done so far with this model have been in the UK. France isn’t an easy marketplace at the moment.”
Who said it: Buchan Scott, partner in charge of investor relations at Duke Street in an interview with unquote
In Context: The quote above came in response to a question about its experience in France and the fact that Duke Street, a recent convert to the deal by deal model, has now teamed up with Paris-based investment firm Tikehau Group by selling a 35% stake of the UK based company. He said Duke Street has been pursuing the deal-by-deal model for some time now and the team found that the issue isn’t raising finance – the difficulty is with execution. “Without committed capital it is tough to move quickly enough in competitive processes,” said Scott. It will be interesting to see if some of the other deal by deal teams that we have written about here also follow this pattern.
Where we found it : Unquote