Roadchef motors on with a recipe for success (TT Mar99 p13-14)

Barclays Capital’s funding of the purchase of Roadchef by Nikko and Cabot Square represents the most recent example of the application of capital markets techniques to the acquisition markets. This is often referred to under the general title of ‘securitisation’, a term that has now become so widely used that its meaning is at best confused and at worst incorrect.