Thu, 27 Jan 2011 | DIVISION SALE
Derek Coates is preparing to sell his vitamin supplements business as he looks to cut down his own workload.
Deloitte was brought in last year to begin the sale process for Guernsey-based Healthspan, which is said to be valued at £150 million. Second round bids are to be received over the next few weeks, with the aim of finalising a deal in the next couple of months.
Entrepreneur Derek Coates, who also owns the Guernsey airline Blue Islands, two hotels and some other properties on the island, said he felt "some reduction in my workload would be a wise move".
"If a sale should proceed, which is by no means certain, then this will not change the existing management or the running of the business or affect any staff employment or Healthspan's relationship with its customers," Coates added.
Established in 1996 by Coates, Healthspan has grown rapidly. It sells own-brand, low cost vitamins, minerals and health supplements. Customers can order products through the website or by mail order.
Healthspan is the only part of Coates business empire that has been put on the market.
Presenting an opportunity to acquire a very profitable plumbers and heating merchants business operating nationwide.
Presenting to the market a financially robust builders merchants business for sale, located in Merseyside.
A long-standing construction wholesale operation, freehold substantive site with three storey brick building.
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
01
|
May
|
Portfolio of 24 northern pubs acquired by Punch Pubs & Co | COMMERCIAL PROPERTY
A portfolio of 24 pubs across the North East and Yorkshire h...
01
|
May
|
West Midlands engineering firm acquired in pre-pack deal | BUSINESS SALE
A specialist engineering firm based in the Black Country has...
01
|
May
|
West Midlands engineering firm acquired in pre-pack deal | BUSINESS SALE
A specialist engineering firm based in the Black Country has...
01
|
May
|
Portfolio of 24 northern pubs acquired by Punch Pubs & Co | COMMERCIAL PROPERTY
A portfolio of 24 pubs across the North East and Yorkshire h...
01
|
May
|
Testing technology firm acquired at 3.5x revenue | BUSINESS SALE
MK Test Systems Limited, a Somerset company that designs and...
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
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.