Well-known economist Roger Bootle stands to make tens of millions of pounds from the potential sale of his consultancy Capital Economics, in a deal which could value the group at £50m-£70m, according to reports.
Bootle has asked corporate finance company Quayle Munro to examine "strategic options" for the business, which employs 50 people in London, Toronto and Singapore, the Times reports.
The economist owns two thirds of shares in Capital Economics which reported pre-tax profits of £4.9m last year, while revenue rose by a fifth to £13.3m. Based on average valuations of successful consultancy businesses, the company could be worth somewhere between £50m-£70m, according to reports.
Smaller stakes in the group are owned by Bootle's colleagues, including Jonathan Loynes and Julian Jessop.
According to the Telegraph, Bootle has taken out £1.7m in pay and dividends in each of the past two years.
Bootle, who started the consultancy in 1999, is thought to have been considering selling up since turning 60 last June.
A former lecturer at Oxford University, Bootle has worked at several City stockbrokers and banks such as HSBC.
During the 1990s he served on Chancellor Kenneth Clarke's panel of Independent Economic Advisers and is also a former adviser to the Treasury Select Committee.
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