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.
Fantastic growing embroidery and clothing printers company. This is a relocatable business opportunity. Extensive list of fixtures and fittings. Offers invited.
RELOCATABLE
Upmarket restaurant and play centre based in Manchester. Affluent trading area. Beautifully presented throughout. Management team in place. Newly equipped in 2018. Offers invited.
Popular restaurant located in Media City, Manchester. Located close to BBC offices. Good public transport links. Offers invited.
|
16
|
|
Jul
|
Farsound Aviation sold to AGIC for £115 million | BUSINESS SALE
A supply chain management company operating in the aviation ...
|
15
|
|
Jul
|
Specialist engineering firm forced to appoint administrators | ADMINISTRATION
Rail contracting company Aspin Group Limited has been forced...
|
12
|
|
Jul
|
Irish mobile diagnostics firm snapped up by Blancco Technology Group | BUSINESS SALE
Blancco Technology Group, which provides a range of mobile d...
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