Advent to sell Domestic & General for £500m profit

The firm took D&G private in late 2007 in a deal worth £523.9m. At the time, D&G generated operating profits of £19m on revenues of £304.6m. The company's current turnover is said to be £570m, yielding an EBITDA of £72.7m.

Advent loaded the business with debt worth 10x EBITDA following the buyout, reports claimed. However, the firm managed to pay down the debt while expanding the business globally. Today, around a third of the company's revenues are said to be attributed to international sales.

D&G provides extended warranty plans for domestic electrical goods. The business is said to employ more than 2,500 people in the UK and has 13 million customers worldwide.

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• UK / Ireland
• Financials
• Advent International
• United Kingdom