Bathstore sold in an MBO

Wed, 02 Jul 2014 | MBO/MBI

Bathroom retailer Bathstore has been sold in a management buy out deal, providing an exit for turnaround investor Endless.

Endless bought the flagging 172-store business in 2012 for £115 million, and has since turned it around, growing its sales by 30 per cent and EBITDA by £5 million.

The deal will see Endless - who has ploughed about £11 million into the business - pocket a fivefold return, though the exact sale figure is unknown.

Endless brought in Gary Favell, the former chief executive of furniture seller MFI, to build its online growth, customer service and new product lines.

American billionaire Warren Stephens, who already has interests in private equity and banking, has backed the MBO and is working with Bathstore’s bosses, including Favell, to achieve the deal.

Favell commented on the situation: “Endless’ support has been invaluable in helping us deliver the improvement in business performance. With their support we have re-established bathstore as the market leading brand in the sector. With our new partner we will continue bathstore’s growth into the future.”

Founded in 1988 as a plumbing and heating trade shop in Croydon, London, it was known as Bathrooms Direct until 2002. It was purchased by builder’s merchant Wolesley in 2003, who grew store numbers from 50 to 182 by the end of 2007/08. It had to be restructured after the recession set in, with about 19 stores shut down.

Related information:
Business Sale Report blog - Economic recovery separates the weak and strong

Share this article

Latest Businesses for Sale

Provider of Precision Cutting Tools
North East, UK

Offers an extensive range of products, including milling, turning and drilling equipment, from a number of respected brands. Provides turnkey cutting solutions, including the modification and development of bespoke tooling Long-standing client base,...

Asking Price: Offers Invited
Turnover: £646,000


Business Opportunity & Restaurant Portfolio (Fast Sale)
UK Wide

All expressions of interest are to be made to Richard Lingen of Berrys no later than Tuesday 21 January 2020, with a view to completion by Wednesday 29 January 2020. Acquisition of this business opportunity and property portfolio which comprises 19 r...

Asking Price: Offers Invited
Turnover: £11,000,000

Mining Company
Zetland, UK Wide

We produce high quality landscape rock and products for large scale municipal projects. Encompassed with a successful commoditization of the rock product to the retail sector . Business includes well established wholesale and retail accounts

Asking Price: £48,000,000
Turnover: £11,500,000


View more businesses for sale

News Search

Latest News


Target Healthcare embarks on acquisition spree | BUSINESS SALE

Target Healthcare has completed the acquisitions of a develo...


Sample book and shade card manufacturer acquired from administration | BUSINESS SALE

The business and assets of Yorkshire-based display products ...


Northgate and Redde shareholders approve merger | MERGER

The proposed merger of listed companies Northgate and Redde ...

Free guide: 10 Biggest Buyer Mistakes

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


Related News


The Book People goes into administration | ADMINISTRATION

Online and pop-up book retailer The Book People has gone int...


Administrators appointed for major bathroom retailer – buyer sought immediately | ADMINISTRATION

With 135 stores dotted around the country, and thought to be...


Endless close in on Kiddicare acquisition | DIVISION SALE

Private equity firm Endless is leading the race to season Ki...

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