Thu, 11 Mar 2010 | BUSINESS SALE
Arts and crafts retailer Hobbycraft, put up for sale in December, has six earnest third parties involved in the second round of bidding, believed to be prepared to pay up to £100m.
Private equity firms Blackstone, Exponent, Bridgepoint Development Capital and TA Associates are among those chosen to enter the second round of bids, which are due in April.
Hobbycraft received as many as 20 initial indications of interest in the first round in February.
It is not known whether Lloyds Development Capital is still in the line up to buy the chain, while Phoenix Equity Partners, Isis and Graphite Capital are not believed to be in the second round of bidders.
Valued at £75m, the company could fetch as much as £100m. It has no direct competitors, and is believed to have the potential to expand to 180 shops.
It has been predicted that the new owner of the retailer will keep the current management team, headed by Chris Crombie, the chief executive.
Founders and owners of Hobbycraft the Haskins family wish to exit the business, and had also been considering a management buy-out led by Chris Crombie.
For sale is a long-established tree surgery and arboricultural services business with an excellent reputation, serving both domestic and commercial sectors across Southern England, including the Home Counties and London.
An opportunity has arisen to acquire a mechanical engineering company specialising in the Water Industry. Benefitting from over 3 decades of trading, this business has built a solid and long standing client base comprised of prominent UK utility comp...
An opportunity has arisen to acquire a reputable IT support and development services provider with a UK-wide client base and a proven record for innovation and resilience in the constantly evolving IT sector. Throughout its 25+ year trading history,...
25
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
24
|
Apr
|
Malaysia's IJM buys a stake in London construction firm JRL | BUSINESS NEWS
IJM Corporation Berhad has bought a 50% stake in Borehamwood...
24
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
25
|
Apr
|
Scaffolding company Hi-Point Access raises funds following Gap acquisition | BUSINESS SALE
Sheffield scaffolding company Hi-Point Access has secured &p...
24
|
Apr
|
Red Blaze chooses employee ownership | BUSINESS SALE
Twigworth, Gloucester-based events business Red Blaze has tr...
24
|
Apr
|
Training group Babington bought by PE-backed Knovia | BUSINESS SALE
Apprenticeship and training provider Babington has been acqu...
Business Sale Report is the complete resource for finding genuine 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.