Bidders mull a bid for HMV Live sale

Wed, 04 Jan 2012 | DIVISION SALE

Several bidders are circling the sale of HMV Live, including the owner of Time Out. The sale of HMV’s successful music venue and festivals business was originally announced in mid-December.

Citigroup was brought in to assist in the sale of the business, which would help HMV address its debt pile. HMV Live runs 13 music venues including London’s Jazz Cafe and is behind festivals including Global Gathering and Lovebox. HMV Live’s digital operations are also included in the sale.

Oakley Capital, the owner of magazine Time Out, is amongst several parties considering making an offer. Events firm Festival Republic is also thought to be interested in a deal, and may make an approach within days, but might not be interested in taking on the whole business.

Citigroup has approached several investors with information about the sale, most of which were interested and wanted more. The process is at an early stage.

HMV Live’s co-chief executive Dean James is understood to be speaking to potential backers about a management buy-out deal.

Simon Fox, chief executive at HMV, said to The Times in December that a sale is not a definite move; “It would make a significant difference to our level of debt. But I don’t want to pre-judge the outcome.”

Previous story - [url+http://]HMV to sell its thriving business HMV Live[/url]

Share this article

Latest Businesses for Sale

Transport & Storage Company
Essex, South East, UK

Well established and reliable. Industry knowledge and experience. Dedicated and professional staff in place. The business for sale specialises in keeping belongings safe. Customer-focused and highly reliable, the company work to provide professional...

Asking Price: £349,950
Turnover: £630,000


Latin Themed Bar & Restaurant
Darlington, County Durham, UK Wide

Well-established and well-respected. Award-winning cocktails and menu. Loyal customer base. Fully renovated and large premises. 5-Star hygiene rating. The business boasts a loyal customer base and minimal competition in the area due to its unique sty...

Asking Price: £110,000
Turnover: £300,000


Sicilian Restaurant
Surrey, South East, UK

Treasured Sicilian café/restaurant idolised in the area for their charming décor and delectable food. This is a superb opportunity for the right buyer to walk into a fully operational business with loyal customers and a quaint restaurant floor. Ideal...

Asking Price: £200,000
Turnover: £350,000


View more businesses for sale

News Search

Latest News


Topps Tiles agrees sale and leaseback of HQ and warehouses | COMMERCIAL PROPERTY

Tile retailer Topps Tiles has agreed the £18.1 million...


Aldo UK falls into administration | ADMINISTRATION

Footwear retailer Aldo UK has entered into administration du...


Monsoon Accessorize close to administration | ADMINISTRATION

Fashion retailer Monsoon Accessorize is close to entering ad...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide


Related News


HMV enters administration | ADMINISTRATION

His Master’s Voice, more commonly known as HMV, has co...


Luton, Cardiff and Belfast airports up for sale | DIVISION SALE

Luton Airport, Cardiff Airport and Belfast Airport have been...


Hilco buys HMV debt and takes control | BUSINESS NEWS

Hilco has purchased HMV's debt and taken control of the...

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