How many MTFs?

Posted by Steve Grob on August 20, 2009 · Leave a Comment 

Returned from my hols, refreshed and ready to face the start of the new season. The newswires have been awash with stories that Turquoise is exploring its “strategic options” by engaging UBS. Regardless of whether Turquoise is looking at an outright sale or some other, more subtle, form of partnership the story did set me thinking about a number of things. How would you go about valuing any of the new MTFs that have emerged? What is the right number of these entities that... Read More

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