Wed, 14 Jul 2010 | MBO/MBI
US book retailer Borders is set to dispose of UK stationer Paperchase, having agreed a deal which will see it being bought by private equity firm Primary Capital for £20 million.
The management buyout deal is expected to be finalised within a week. A portion of the funds generated in the sale will be used to lessen Borders' debts.
Borders bought a controlling stake in Paperchase in 2004, and will continue selling Paperchase products in its stores after the sale.
Paperchase has 106 shops in Britain, including some concessions in department stores such as House of Fraser and Waterstones. Primary Capital envisages growth through new outlets, more domestic and international concessions, as well as expansion into unbroken markets.
The deal represents "another major step in strengthening our balance sheet", said Borders president Mike Edwards. The rise of online, low price booksellers such as Amazon has become a serious threat to Borders, which has also been hit by consumer caution in the recession.
Borders sold its UK chain in 2007, which then fell into administration in November 2009.
CNC precision engineering company, established over 50 years ago. The Company specialises in small to medium batch high precision milling and turning and has the benefit of long lasting, valuable and important customer relationships. Based within the...
Flagship practice for any portfolio, benefitting from a combination setting (residential and commercial). The vendor is willing to stay on 4+ years.
This is a rare instruction for the sale of a lucrative four surgery private practice offered on a freehold basis.
FREEHOLD
10
|
May
|
North Yorkshire coaching inn on the market for £1.2m | COMMERCIAL PROPERTY
The General Tarleton Hotel and Restaurant, an 18th century c...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
09
|
May
|
Landsec sells hotel portfolio for £400m | COMMERCIAL PROPERTY
Landsec has sold its entire hotel portfolio, comprising 21 a...
10
|
May
|
John Good Group acquires Grimsby shipping services company | BUSINESS SALE
John Good Group has acquired a shipping services provider th...
10
|
May
|
North Yorkshire coaching inn on the market for £1.2m | COMMERCIAL PROPERTY
The General Tarleton Hotel and Restaurant, an 18th century c...
09
|
May
|
Cheltenham hardware manufacturer undergoes MBO | MBO/MBI
A manufacturer of window and door hardware has been acquired...
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.