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Rydon Group, the property company, is to undergo a £100m management buy-out backed by KPMG Corporate Finance and Bank of Scotland.
Rydon, the contractor and housebuilder, is said to be planning a management buy-out backed by HBOS.
Rydon has been selected as preferred bidder for a £50m contract to build five mental health units in the Bristol area for Avon & Wiltshire Mental Health Partnership NHS Trust.
Rydon is to build a £5.9m residential nursing care home at Acton in London for the Ealing Family Housing Association.