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

Natural Stone Supply Company: Sourcing/Processing/Distribution
Aberdeenshire, Scotland, UK

This company specialises in supplying the highest quality natural stone products, offering a complete turnkey solution to its customers from sourcing, through to processing, design and final distribution and delivery. Offers invited.

Asking Price: £1,050,000
Turnover: £1,100,000

RELOCATABLE


Precision Engineering Business
North West, UK

Precision Engineering Business for sale operating with a modern, well equipped machine shop, offering Engineering Development Modelling (EDM), CNC turning & milling, grinding, boring and fitting. Offers invited.

Asking Price: Offers Invited
Turnover: £400,000

LEASEHOLD


Accountancy Business
UK Wide

High quality practice with strong middle management on the market for the first time. Established: 25 to 30 years. Strong middle-tier management to support acquirer throughout the transition period and on an ongoing basis. Locations: Cheshire, Mersey...

Asking Price: £1,300,000
Turnover: £1,300,000


View more businesses for sale

News Search

Latest News

 
19
 
Sep
 

Smith & Williamson and Tilney to merge | MERGER

After revealing in August this year that talks were in place...

 
18
 
Sep
 

Infrastructure investment manager takes stake in LJLA | BUSINESS SALE

Infrastructure investment management group, Ancala Partners,...

 
17
 
Sep
 

Impact REIT snaps up Suffolk-based Cardinal Healthcare business | BUSINESS SALE

Impact REIT has successfully acquired Cardinal Healthcare, a...

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