Mon, 18 Apr 2011 | BUSINESS SALE
Private equity company CVC Capital Partners has put its gardening brand Hozelock on the market for the third time in four years.
The company chairman Simon Laffin is in discussion with several banks, one of which will lead the sale process. Rothschild is said to be favoured for the task. The sale of the business, which is expected to generate £200 million, is to be completed by the end of this year.
Hozelock was placed on the market with a £100 million price tag in June 2007, but the sale was halted. Then in August 2008 it was put back on the market but a sale did not take place.
Established in 1959, the company’s first retail product was the pioneering plastic hose connector, called the Hoze-Lock. Today Hozelock sells several gardening products including watering, spraying and pond maintenance equipment through garden centres and DIY retailers.
It is understood that Black & Decker and Bosch are among the potential trade buyers.
The most recently reported accounts for Hozelock’s parent company Rasindeck reveal revenues of £93.9 million for the year to October 2010, a significant increase from the previous year’s figure of £80.6 million.
Opportunity to purchase a reputable law firm in Scotland, offering a strong client base and extensive expertise in various legal services.
A prestigious law firm with an expert team, offering unparalleled opportunities in mergers and acquisitions, banking, and financial law.
A thriving CCTV and business technology provider in the North West is experiencing a surge in demand for its specialised services.
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.