Tue, 23 Oct 2012 | BUSINESS SALE
The owner of electrical retailer Comet is understood to be exploring a sale.
Although private equity firm owner OpCapita has not formally put the business up for sale, reports suggest that it is looking into a number of bids from different interested parties.
OpCapita originally bought Comet earlier this year for the nominal sum of £2. This also came with investment from the previous owner Kesa of £50 million.
The change of ownership came with a change of leadership with Sir John Clare, former chief executive of Dixons Retail, joining Comet as chairman on the same day as the sale to OpCapita was finalised
Despite the dismal forecasts from analysts highlighting significant operational losses, Sir John believed that the firm could be turned around. And he has delivered on his word, stating earlier this year that the group has made around £50 million in savings and hopes to break even this year.
It appears he isn't alone in this view as the firm has received a number of unsolicited approaches regarding a sale. The group is now holding talks with three interested parties, according to City A.M.
Opportunity to acquire a lucrative and sough-after fashion brand with a fully automated comprehensive website.
Represents an opportunity for an acquirer seeking the leasehold of a private dental practice located in Cornwall.
LEASEHOLD
Represents an opportunity for an acquirer seeking the leasehold of a Suffolk based dental practice with growth potential.
LEASEHOLD
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.