Thu, 25 Feb 2010 | BUSINESS SALE
Numerous private equity firms are soon to submit second round bids for vintage floral clothing retailer Cath Kidston, which is on the market for £75m.
First round bidders include Barclays Private Equity, Inflexion, Silverfleet Capital, Darwin and ISIS, all of which are expected to put in second round bids in the next couple of weeks. The sale is being carried out by the bank Quayle Munro.
Cath Kidston aims to find an investor to purchase a major shareholding in the business to fund store expansion in the UK and the Far East.
The retailer currently has 28 shops and concessions in the UK, and plans to double the number to 60 in three years. It also aims to expand its five stores in Japan to 50.
Designer Cath Kidston launched the business in 1993 with the opening of her first store in London, as a sideline while working in interior design. She owns a 30% stake.
The retailer is well known for its floral clothing range, and homeware products including crockery, wallpaper and bed linen.
Sales have jumped to £31.3m for the year ending 29 March 2009 compared to £19.3m for the previous year.
The company utilises its trucks and specially designed trailers to undertake the haulage of steel materials, including wide, slit and perforated coil steel; steel blanks, sheets and plates; rolled steel products; and machinery for the steel industry....
A profitable and well-established engineering business dedicated to delivering exceptional precision parts with unparalleled quality. Specialising in complex, high-tolerance components, this company caters to a wide range of industries, including las...
A well-established off licence and convenience store located in the heart of Stoke-on-Trent. This profitable business has been serving the local community since 2003 and boasts a strong, loyal customer base. Specialising in a wide range of wines, bee...
FREEHOLD
|
14
|
|
Nov
|
ROL Cruise sets sail on employee ownership journey | BUSINESS SALE
Independent cruise retailer ROL Cruise has marked its upcomi...
|
14
|
|
Nov
|
Timber groups merge to carve out new acquisitions | MERGER
Two timber groups have joined together to form a £80 m...
|
14
|
|
Nov
|
Swanton Care buys mental health services peer Oaklands Support | BUSINESS SALE
Private equity backed Swanton Care has bought counterpart Oa...
|
14
|
|
Nov
|
Swanton Care buys mental health services peer Oaklands Support | BUSINESS SALE
Private equity backed Swanton Care has bought counterpart Oa...
|
14
|
|
Nov
|
Timber groups merge to carve out new acquisitions | MERGER
Two timber groups have joined together to form a £80 m...
|
14
|
|
Nov
|
ROL Cruise sets sail on employee ownership journey | BUSINESS SALE
Independent cruise retailer ROL Cruise has marked its upcomi...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
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.