Fri, 09 Apr 2010 | BUSINESS SALE
Following reports that it called in administrators KPMG back in November 2009, the Card Factory chain has now been sold to private equity bidders for a reported £350 million.
The owners of the greetings card store chain, Dan Hoyle and his wife Janet Hoyle, asked KPMG to assess their options last year. At that point they were considering possible sales, management buyouts or private equity investments. It has now emerged that private equity firm Charterhouse has bought the company.
The company managed to generate profits of £22 million in the year to January 2009, from revenues of £170 million. The firm attributes its success to the fact that it is cheaper than major high street rivals such as Clinton Cards.
The owners of the 430-strong store chain, which is based in Wakefield, are true entrepreneurs with Dean Hoyle claiming he started by selling cards from the back of a van in 1993. It now manufactures, designs supplies and retails cards, wrapping paper and novelties across the country.
Reports claim that Charterhouse had to fight off rival bids from Permira, Warburg Pincus, Summit Partners and Cinven, who all also wanted a piece of the lucrative Card Factory pie.
Discover a promising investment opportunity with a reputable APAR registered training and apprenticeship provider located in Lancashire.
This multi-sector apprenticeship provider specialises in engineering and holds a 'Good' rating from Ofsted, with access to diverse and expanding funding streams.
Here is a unique opportunity to acquire a London-based Grade 2 apprenticeship provider with access to multiple public contracts.
05
|
Sep
|
Administrators exploring sale after collapse of Bodycare | ADMINISTRATION
Bodycare, a high street retailer of branded health and beaut...
05
|
Sep
|
Pets Choice acquires Kennelpak brands out of administration | BUSINESS SALE
Pet food manufacturer Pets Choice has acquired a number of p...
05
|
Sep
|
PE-backed legal services group completes investment in London firm | BUSINESS SALE
Legal services group BBS Law has completed an investment in ...
23
|
Sep
|
Sale on the cards for Addison Lee | BUSINESS SALE
Cab firm Addison Lee has turned away from a listing on the s...
13
|
Mar
|
Charterhouse mulls sale for stockbroker Wood Mackenzie | BUSINESS SALE
Charterhouse is considering a sale of long-established Edinb...
30
|
May
|
PHS Group put up for sale | BUSINESS SALE
Market-leading workplace services provider PHS Group has bee...
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.