Controversial businessman Nat Rothschild has refused to let geopolitical chaos put him off his deal-making.
The multi-millionaire announced that Aim-listed power product producer Volex, of which he is executive chairman and the largest shareholder, has snapped up a 51 per cent stake in Indian manufacturer InYantra Technologies for £6.1million.
Rothschild, a former adviser to US-sanctioned oligarch Oleg Deripaska, saw his wealth balloon in the pandemic as Volex’s shares soared.
Divisive: Multi-millionaire businessman Nat Rothschild (pictured) saw his wealth balloon in the pandemic as Volex’s shares soared
Rothschild, 50, owns a 24.5 per cent stake in Volex, which is worth £95million after more than doubling since Covid hit.
Rothschild has cut a divisive figure in the City. In 2008, Lord Mandelson – then EU trade commissioner – was revealed to have partied on the superyacht of Russian industrialist Deripaska.
It emerged that he was staying as Rothschild’s guest, but the whole affair opened Mandelson up to accusations of conflicted interests since he was then responsible for EU metals tariffs.
Rothschild also flew Mandelson to Russia as Deripaska’s guest in 2005.
