SOFTWARE company SSP Holdings today announced a £162m management buyout to take it private off the stock market.

The move by the Yorkshire group's executive directors, led by chairman and founder David Rasche, has seen them make an offer of 190p per share for the business which only floated on the Alternative Investment Market valued at around £70m in October 2006.

Management have been backed by funds managed and advised by San Francisco-based private equity group Hellman & Friedman (H&F) and debt......for the full story register now for free or login below...