Tue, 12 Feb 2013 | BUSINESS SALE
Hair straightener firm GHD has passed to private equity firm Lion Capital in a business sale thought to be worth around £300 million.
Lion Capital bought the brand from Montagu Private Equity over the weekend after the buyer was attracted by the potential for further international expansion.
Lyndon Lea, partner of Lion, said that the group is looking forward to working with the team in order to “accelerate growth in the business through increased investment behind the brand, new product development and expansion of both international and alternative sales channels, in particular online”.
She added: “Since its very early days, GHD has proved itself to be an iconic brand that engenders a deep emotional attachment and loyalty amongst its customers, both professional stylists and consumers, on levels rarely achieved by even the strongest consumer brands.”
Montagu first bought GHD back in 2007 for £160 million and has more than doubled the firm's profits since then to around £32 million through sales of over 2 million units.
Advertising partnerships with celebrities such as Katy Perry have helped the firm to expand its geographical reach well beyond the confines of its home town in Yorkshire to include Europe, the US and Australasia.
This is an opportunity to acquire a well-established company specialising in the fabrication and installation of stainless steel hygienic process pipework, strategically located in the South-West.
Opportunity to acquire an established general builders and construction company with a strong track record of consistent annual contract work in Hampshire.
Exciting opportunity to acquire a UK based long established business with 84 years of skills, knowledge and experience operating out of a freehold premises in North-West England.
13
|
May
|
Acquisitive insurance broker secures fresh investment for growth plan | BUSINESS NEWS
JMG Group, a highly acquisitive insurance brokers, has agree...
13
|
May
|
Business comms consolidator strikes latest deal | BUSINESS SALE
Focus Group, a West Sussex-based business communications com...
13
|
May
|
UK administrations update: May 7 – 13 | ADMINISTRATION
Since our last update, the following businesses have been co...
23
|
Mar
|
Mondelez acquires Grenade at 40x multiple | BUSINESS SALE
Mondelez has acquired protein snack bar maker Grenade for &p...
22
|
Jan
|
Possible sale of horsemeat scandal company Findus | DIVISION SALE
Reports suggest that the frozen food firm Findus has begun d...
29
|
Mar
|
Waste specialist Biffa placed on the market | BUSINESS SALE
Waste management firm Biffa has been placed on the market by...
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.