 Lord Hanson had expected to use the Pension Fund as consideration for the transaction.However, it was funded entirely by selling many of Imperial Group's subsidiaries, leaving him with a business that made an operating-profit margin of nearly 50%.Hanson developed a track record as a corporate raider, which ultimately worked against him in a failed bid for ICI Group, a chemical group, in 1991 which was at the time the UK's third-largest company.