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.
This well-established scrap vehicle yard in Essex offers a unique opportunity to acquire a business with a significant stock of decommissioned parts and panels, alongside essential equipment such as forklifts and heavy demolition plant.
Opportunity to acquire a well-established engineering product and equipment distributor located in the heart of the West Midlands.
Presenting an exceptional opportunity to acquire a well-established specialist joinery business located in Southport, Merseyside.
01
|
Jul
|
Manchester-based aerospace firm rescued with pre-pack deal | BUSINESS SALE
B&H.PT Limited, a Manchester-based aerospace manufacturer, h...
01
|
Jul
|
Seafood and pork supplier acquires food manufacturing business | BUSINESS SALE
Sofina Foods Europe, a North Yorkshire-headquartered supplie...
01
|
Jul
|
UK administrations update: June 25 - July 1 | ADMINISTRATION
Since our last update, the following businesses have been co...
28
|
Sep
|
Life insurer LV= in talks over potential takeover | BUSINESS NEWS
Mutually-owned life insurer LV= has confirmed that it is in ...
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.