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Quantel, the UK-based manufacturer of broadcast graphics and effects systems, has completed a $76.6 million management buyout from parent company Carlton Communications.

7/23/2000 08:00:00 PM Eastern

Quantel, the UK-based manufacturer of broadcast graphics and effects systems, has completed a $76.6 million management buyout from parent company Carlton Communications. Underwritten by venture-capital firm Lloyds TSB Development Capital, the buyout had been expected since November, when Carlton announced a proposed merger with United News and Media. Since then, Carlton has divested itself of non-core businesses, including audio-console maker Solid State Logic.

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