Wed, 28 Apr 2010 | BUSINESS SALE
Value fashion retailer Peacocks faces being placed on the market or being refinanced as its owners look to pocket a £200 million windfall.
A consortium, including Goldman Sachs, bought the chain in 2006 for £404 million, and was backed by £258 million of bank loans and £110 million of junior debt by Och-Ziff and Perry, Peacock's shareholders.
The group of investors, who own a 55 per cent holding between them, have approached several investment banks to assess a possible recapitalisation of the company.
It is thought that the clothing retailer has seen a massive increase in value since the purchase, and might now be worth over £600 million.
Immediate plans for the business include a new valuation, and to either swap part of its equity for more debt or to bring in new investors.
The management team, who own the remaining 45 per cent of Peacocks, allegedly aim to retain its holding and continue to run the company.
Peacocks started out as a family-run business that sold a wide variety of products in 1884 in Warrington. The retailer now specialises in selling fashionable women's, men's and childrenswear.
It trades from over 500 stores spread across the UK, and aims to open a further 50 stores in 2010 and 2011. Peacocks is also increasing its overseas presence, and currently operates from 73 franchised shops.
This unique opportunity involves acquiring a bespoke bicycle maker and online retailer, renowned for its high-quality craftsmanship and exclusive designs.
This established fish and seafood wholesale business boasts a strong industry reputation, supplying premium-quality, responsibly sourced seafood to over 100 loyal clients across the UK.
This is a rare opportunity to acquire a not-for-profit Rail Development Research and Technology Organisation, complete with a purpose-built R&D facility and generating additional income from sub-tenants.
07
|
Jul
|
PE-backed accident services group makes significant acquisition | BUSINESS SALE
Activate Group, an accident management services provider bac...
04
|
Jul
|
East Midlands furniture manufacturer ceases trading | ADMINISTRATION
Andrew Paul Furniture Limited, a major furniture manufacture...
04
|
Jul
|
Yorkshire law company Ison Harrison merges with Skipton firm | MERGER
Ison Harrison, an employee owned law firm based in Yorkshire...
07
|
Jul
|
PE-backed accident services group makes significant acquisition | BUSINESS SALE
Activate Group, an accident management services provider bac...
04
|
Jul
|
Government reverse-turns on small business filing requirement rules | BUSINESS NEWS
Ministers are set to shelve reforms to Companies House filin...
04
|
Jul
|
Knights Pharmacy acquires new sites in HSBC-backed deal | BUSINESS SALE
West Midlands-based pharmacy group Knights Pharmacy has furt...
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.