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.
Offering for sale the business and assets of Project Pinnacle as a going concern, an independent chain of builders and timber merchants selling to trade professionals and the general public.
The company provides a comprehensive range of multimedia solutions for the wire, cable, tube, pipe and fasteners industries comprising print magazines, digital magazines, websites, digital platforms and social media benefitting from digital advertisi...
An established Irish based engineering business, providing supply, fabrication and erection structural steel solutions to customers across the island of Ireland and Great Britain.
28
|
Mar
|
NI pharmacy group acquires third site | BUSINESS SALE
A family-run community pharmacy group has expanded with the ...
28
|
Mar
|
Vehicle upcycling group falls into administration | ADMINISTRATION
Lunaz Group Limited, a vehicle electrification and upcycling...
28
|
Mar
|
Food service business acquired at more than 10x profits | BUSINESS SALE
Total Foodservice, a wholesale catering supplies business, h...
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
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.