Mon, 04 Jun 2018 | BUSINESS SALE
The company responsible for printing Vogue and The Economist has been put up for sale by Walstead, which controls the firm, despite a successful year expanding into Europe.
According to chairman Mark Scanlon, the group is working with Rothschilds alongside controlling shareholder Rutland Partners in preparation for the sale of the company, which has been valued between £300-£400 million.
"Our senior management team is committed to our long-term plan to lead the consolidation of the European printing industry," said Scanlon.
"So that we can exploit the many M&A opportunities we are being presented with, we have appointed NM Rothschild to advise us on a range of financing options which would provide us with even greater capital resources to follow through on these plans."
Commenting on the recent successes of the firm, Scanlon highlighted that Walstead has been rapidly growing across Europe in the past three years, expanding its presence across the UK, Czech Republic, Spain, Slovenia and Austria, as well investing across other European territories.
Rutland Partners, which will profit significantly from the sale, took a majority stake in the printing company two years ago, investing £33 million to gain a 53 per cent stake in the firm.
However, it wouldn't be the first financial success for the firm this year. Rutland recently sold the British Pizza Hut franchise for more than £100 million after purchasing it in 2012 for just £1 from Yum Brands. Since then, the private equity backer has invested £60 million to restoring the restaurant chain.
Rare opportunity to acquire dynamic Ltd Co with impressive reputation. Company offering creative sports & events audio visual media solutions including documentaries/promotions and advertising from superbly fitted office/editing suite premises from a...
LEASEHOLD
Well established media business for sale. Knowledgeable and experienced staff in place. This is a retirement sale. Offers invited.
WORK FROM HOME
Successful printing and finishing business. Full service design, print and binding operation With PUR capabilities. Offers invited.
LEASEHOLD
|
18
|
|
Dec
|
High street clothing chain enters administration | ADMINISTRATION
A prominent high street clothing chain has collapsed into ad...
|
15
|
|
Dec
|
Two pub companies enter administration | ADMINISTRATION
Mitchell’s of Lancaster (Brewers) Limited and York Bre...
|
13
|
|
Dec
|
Harvard Technology Limited enters administration | ADMINISTRATION
A lighting company based in Normanton has been forced to eng...
Sign up to receive our acquisition alert emails to get your FREE guide
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources