Tue, 18 Jan 2022 | BUSINESS NEWS
Kidderminster-based flooring firm Victoria Plc has announced that it has received £150 million in private equity funding , with the investment enabling the company to continue its acquisitive growth strategy.
The funding was approved by shareholders of the AIM-listed at a general meeting on January 13. Following the general meeting, Victoria Plc confirmed that it had received £150 million, prior to fees and expenses, from Koch Equity Development, the investment and acquisition arm of Koch Industries.
Founded in 1895, Victoria Plc first listed in 1963 and has been listed on AIM since 2013. Headquartered in the UK and with operations in Spain, Belgium, Italy, the Netherlands, USA and Australia, the company designs, manufactures and distributes flooring products, including carpet, ceramic tiles, luxury vinyl tile, flooring underlay, artificial grass and flooring accessories.
The group is focused on increasing earnings, cash flow and shareholder value through both organic growth and acquisitions. The company typically makes multiple acquisitions both UK-based and internationally in the flooring sector every year.
In a statement to the London Stock Exchange regarding the new funding, Victoria said: "Alongside the group's existing financial resources, this capital will be carefully deployed to support Victoria's acquisition-led growth whilst maintaining the board's long-expressed leverage policy."
In its annual report for the 53 weeks to April 3 2021, Victoria PLc reported revenue of £662.3 million from continuing operations, up from £621.5 million a year earlier. The group’s operating profit was £79.8 million and pre-tax profit was £50.1 million.
Find businesses for sale here.
If you are looking for an exit, we can help!
An opportunity to acquire a long established and profitable UK manufacturer and supplier of bespoke display and presentational products such as whiteboards, pinboards, notice boards, display cases.
LEASEHOLD
The company provides handcrafted, made-in-England premium clothing production solutions and facilities. The business services 18 active clients, many of whom provide reliable, repeat business on an ongoing basis.
LEASEHOLD
Established in 1987 by the current shareholders’ parents, The brand has been a long-standing fixture of Bristol suburbs, and has catered to both trade and domestic customers for in excess of 30 years. Trading from an attractive store with eye-catchin...
LEASEHOLD
09
|
Jun
|
Long-standing retail display firm acquired out of administration | BUSINESS SALE
Manchester-based retail display specialist Axiom Marketing S...
09
|
Jun
|
Logistics group completes 23rd acquisition since 2015 | BUSINESS SALE
Logistics firm EFS Global has continued its acquisitive grow...
08
|
Jun
|
UK IT specialist acquired by New York workforce management group | BUSINESS SALE
Gibbs Hybrid, a UK-based IT and business services firm, has ...
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.