Sun, 30 Oct 2016 | BUSINESS SALE
The fitted blind company Hillarys is believed to have been put up for sale by its private equity owners European Capital for as much as £250 million.
According to the Sunday Times, European Capital has been talking to several investment bankers in the City to discuss the potential sale.
Hillarys was set up by Tony Hillary in 1971 when he began fitting made-to-measure blinds in Nottingham. The company has grown to employ over 1,300 people with a further 1,000 self-employed fitters. In addition to blinds the company now supplies carpets, shutters and curtains to homes across the UK and the Republic of Ireland. Around 21,000 shutters and blinds are made and fitted by Hillarys each week.
The company has three manufacturing centres, two in Nottingham and one in Tyne and Wear. Hillarys has recently completed a major company-wide upgrade of its enterprise software which is believed to have been very successful in improving the speed and efficiency of its systems.
Tony Hillary sold the business for £50 million to Close Brothers Private Equity in 2001 and it has since changed hands several times since then, mainly between private equity owners.
European Capital bought the business for £229 million in 2007 and it is possible that current moves to dispose of Hillarys has been initiated in the wake of the current acquisition of European Capital’s parent company by finance house Ares Management.
Very long established and profitable wholesale business. There is a healthy base of active repeat clients and the business has an excellent reputation. The location and premises suit the business perfectly with a small sales office, and a third party...
Extremely successful & exciting entertainment Business, the highest review rated of our kind in the World. Performing to over 600 events this year and growing you will find a fast growing business to take to an even higher level. Looking for somethi...
WEB-BASED
Long established motorcycle business. For over 25 years this highly regarded motorcycle training brand has offered training and testing services for motorcycles. The business is also a successful branded franchise dealer. They sell a well-known brand...
|
16
|
|
Sep
|
Cheshire-based SRL Traffic Systems completes MBO | MBO/MBI
SRL Traffic Systems, a manufacturer and supplier of portable...
|
13
|
|
Sep
|
AFH Financial Group acquires two firms for £7.2 million | BUSINESS SALE
AFH Financial Group, a listed wealth management firm headqua...
|
12
|
|
Sep
|
Lucid Group completes acquisition of North West-based healthcare consultancy | BUSINESS SALE
Healthcare communication specialists, Lucid Group, has succe...
Sign up to receive our acquisition alert emails to get your FREE guide
|
24
|
|
Mar
|
Whitworths snack-food manufacturer up for sale | BUSINESS SALE
Whitworths, one of the UK’s biggest snack-food manufac...
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