Wednesday, 4 July 2007

Vin Murria not to be a part of new Iris

We understand that, at the 11th hour and contrary to the statements made at the time of the H&F purchase of both Iris and CSG from HG Capital, Vin Murria will now not have any role in the "New Iris". Vin was to have been "Chief M&A Officer" Only a few weeks back (13th June) Vin had said "The combination of IRIS's market leading solutions and highly successful operational capabilities are hugely complimentary to CS Group's M&A driven growth and niche market focus. This is an exciting opportunity to dynamically grow a successful customer centric business that can only be positive for all clients and employees alike. We too are delighted to have the backing of Hellman & Friedman."

Mind you the combination of Vin Murria and Martin Leuw seemed pretty unlikely to work when we first heard of it. But we expected it to, at least, get past Day One.

What next?
Well, after a break until September, Vin will return to setup some kind of new vehicle. "I want to do my own thing" Vin says. That's if PE, shell companies and others don't get to her first.

Watch this space, seems appropriate.

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