By City Finance Reporter
|
Entrepreneur: Theo Paphitis previously owned underwear chain La Senza and is chairman of stationer Rymans
Robert Dyas is on the verge of being bought out by entrepreneur Theo Paphitis, the star of TV’s Dragon’s Den.
The £10m deal to sell the hardware chain, which was founded in 1872 by Irish ironmonger Robert Dyas, is set to be announced early next week.
Theo Paphitis previously owned underwear chain La Senza and is chairman of stationer Rymans.
Robert Dyas has around 100 stores and employs more than 1,000 people.
The group had a torrid time at the hands of its former owners, Luc Vandevelde’s private equity fund Change Capital.
Change bought Dyas in 2004 for £61m, but the group’s lenders were forced to step in during 2009 to prevent it entering administration.
By the time it was rescued through a management buyout, it had racked up debts of £70m and was valued at just £30m.
Lloyds and Allied Irish Bank offered to take on the firm’s debt in return for an equity stake in the group, and bo th have since been looking to sell the firm.
-
Bi-polar woman, 20, kills herself inside police car with the... -
A very sensible girl: Meet the 14-year-old who unlike her... -
Casey Anthony 'thought her father George had also fathered... -
Nine-month-old dies after 'babysitters injected his 17lb... -
The Super Moonwalk: Street performer takes Michael Jackson's... -
Scientologists urge followers to 'take action' as Katie... -
Hero firefighter who saved woman from burning home faces... -
First Al, now Tipper! Both Gores now dating again after... -
Outrage as U.S. magazine PhotoShops Kate Middleton to make... -
The President and the orphan: Poignant picture captures... -
Marilyn Monroe's final purchase shows she was NOT about to... -
'I'm not allowed to see my own son's body': Mother's grief...
Tidak ada komentar:
Posting Komentar