Evans changes hands of one Private Equity firm to another

[Tin Pot]

Evans Cycles changes hands for £100m http://www.bbc.co.uk/news/business-32554887

 

[ufkacbln]

More accurately..... they have been in the hands of a Private Equity firm since 2008

It is being sold by Active Private Equity, which bought its controlling interest in the then family-owned company for about £35m in 2008.

At the time Crawley-based Evans had 31 outlets and annual sales of some £44m.

It now has 56 shops and sales have risen by more than 300% under Active's ownership.

 

[Tin Pot]

More accurately..... they have been in the hands of a Private Equity firm since 2008

Oops.

 

[Arrowfoot]

ECI has a good reputation and hopefully will carry on the good work of the previous equity firm which expanded the network.

 

[ianrauk]

How exciting.

 

[Supersuperleeds]

How exciting.

I don't know why but I don't believe you are excited at all by this news