E-commerce womenswear brand all set for sale

Fri, 26 May 2017 | BUSINESS SALE

An AIM-listed company has agreed sale terms with Thread 35, an e-commerce brand targeting 35-55 year old women under the brand name Sosandar.

The company said the acquisition would constitute a reverse transaction under the AIM Rules.

Cash Shell Orogen, which has been featured in the Sunday Times, Style magazine, Cosmopolitan and Loose Women, has made a secured, interest-free loan of £250,000 to Thread as part of the proposed transaction. The loan may be drawn down in two tranches; the first one of £100,000 may be drawn down immediately while the second may only be drawn down on the condition that letters of intent are obtained from Thread's shareholders to accept the terms of an offer to acquire their shares.

As a result of the heads of terms, the company confirmed it requested that trading in its shares is temporarily suspended, pending either the publication of an admission document or until the proposed acquisition negotiations are terminated.

Chairman of Orogen, Adam Reynolds, said: "I am delighted that Orogen has found an attractive acquisition opportunity so quickly.

"Sosandar is operating in a market that is showing significant growth and it has a highly motivated and experienced management team. With added balance-sheet strength I believe we will be able to accelerate this growth opportunity, benefiting all shareholders in the enlarged group."

Find retail businesses for sale.

Subscribe to the Business Sale Report.


Share this article



Latest Businesses for Sale

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
20
 
Sep
 

Thomas Cook seeking 'last-ditch' fire sale | BUSINESS SALE

Thomas Cook Group is reportedly trying to piece together a l...

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources