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December 1, 1993

UK END OF COMPUADD STAGES MANAGEMENT BUYOUT

By CBR Staff Writer

Compuadd Corp’s UK arm in Bristol, Avon has staged a management buyout from the parent, leaving it 80% UK-owned. Compuadd UK Ltd is also in-creasing emphasis on networking consultancy and the marketing of other manufacturers’ machines. The buyout was backed by Lloyds Bank Plc, from which it received UKP1.5m. Compuadd Corp retains a 20% stake.

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