The Golden Years Rule

One key to a happy retirement is the means to enjoy it. Roger de Haan ended up with more than enough money to bankroll his golden years when he decided to retire and sell Saga Group, his family's business, in late 2004. The British travel, media and financial-services company that targets older consumers attracted several major bidders, with London private-equity firm Charterhouse ultimately paying $2.4 billion. Not bad for what De Haan's father started 53 years earlier as a modest operator of guest hotels and tours in the English seaside resort of Folkestone.

What attracted Charterhouse and its...

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