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.
Works closely with clients to produce interior design solutions for educational institutions, which could be marketed to more sectors.Additionally offers an array of creative media, including videos,presentations, websites, branding and full direct m...
RELOCATABLE
Provides a range of comprehensive design, development and marketing services to clients throughout the UK. Utilises a highly experienced and skilled team to offer graphic and website design, social media, email marketing and print services. Offers in...
LEASEHOLD
Operates in the real estate sector. Specialises in B2B publishing, training and events activities. Works with circa 300 clients, 80% of whom provide repeat business. Winner of several prestigious business awards. Strong second-tier management team. O...
LEASEHOLD
|
22
|
|
Jan
|
Chelmsford warehouse management firm bought by software provider | BUSINESS SALE
Chelmsford-based warehouse management solutions provider Min...
|
21
|
|
Jan
|
MBO at Newcastle market research company | MBO/MBI
Newcastle-based market research company Explain Market Resea...
|
20
|
|
Jan
|
Target Healthcare embarks on acquisition spree | BUSINESS SALE
Target Healthcare has completed the acquisitions of a develo...
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