3i in talks with Go Outdoors

The company, whose chairman, John Lovering, has completed a number of deals in the private equity arena, is planning to sell a stake of approximately 20% in order to finance its plans to expand from 27 to 50 stores by the end of 2012. A sale of the business has been discounted however.

Accountancy firm PricewaterhouseCoopers is managing the sales process on behalf of the chain, which was founded in 1969.

Go Outdoors generated a turnover of £114.9m last year and more than tripled its EBITDA to £4.25m in 2009.

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• Topics
• UK / Ireland
• Expansion
• Consumer
• 3i