Private equity group acquires Kurt Geiger

Tue, 15 Dec 2015 | BUSINESS SALE

British shoe retailer Kurt Geiger has been acquired by private equity firm Cinven for £245 million.

The price point values the business at eight times its trailing EBITDA, a source familiar with the matter told Reuters.

The business has changed hands five times in the past ten years. This latest shift will see Cinven take control and most likely expand the company into new areas, such as children's footwear. Further discussion around the future potential of the business focused on the intention to grow the online offering further.

It wasn't the only buyer interested in Kurt Geiger, however. Jimmy Choo owner Lion Capital was also bidding in the auction for the retailer.

A partner with Cinven, Maxim Crewe, commented: “Kurt Geiger represents an exciting opportunity to acquire the UK's leading women's footwear and accessories company with significant international growth.”

Previous owners of the brand include Harrods boss Mohammed Fayed and US retailer Jones Group. Prior to shifting into the hands of Cinven, it was owned by Sycamore Partners, who took over from Jones last year.

Kurt Geiger itself was founded in 1963 and has a reputation as offering particularly glamorous footwear.


View other retail businesses for sale.


Share this article



Latest Businesses for Sale

Plumbers Merchant & Large Bathroom Showroom
Colchester, Essex, South East, UK

With a good level of net profit available and a fantastic reputation, this is an ideal opportunity for an entrepreneur with industry expertise, or a competitor looking to grow through acquisition, to own a successful business with further growth pote...

Asking Price: Offers Invited
Turnover: £970,757

LEASEHOLD


Driving School
Silverstone, Northamptonshire, UK Wide

The long-standing business offers a wide range of services including prestigious, advanced rally driving lessons as well as entertaining rally days out, rally courses, junior rally driving experiences and professional rally driver training based in t...

Asking Price: £350,000
Turnover: £300,000

LEASEHOLD


Manufacturing Company
West Midlands, UK

The business for sale is an established company specialising in the design and manufacture of modular ballast support systems/ access solutions for the HVAC and Renewable energy industries. The flat roof framework system is fully adjustable and can b...

Asking Price: Offers Invited
Turnover: £614,931

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
19
 
Feb
 

On-demand laundry app snapped up after administration | BUSINESS SALE

Laundrapp, an on-demand laundry service which was touted as ...

 
18
 
Feb
 

Subprime lender Amigo launches sale process | BUSINESS SALE

UK subprime lender Amigo has announced that it is in talks w...

 
14
 
Feb
 

Leicester printing firm enters administration | ADMINISTRATION

Long-established Leicester printing firm Taylor Bloxham Grou...

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