ISIS looking to float or sell Wiggle

A strategic review was launched in May and ISIS appointed Rothschild to oversee the process. It is believed that the business could fetch a price tag of up to £200m. A formal process is not yet thought to have been launched; however a flotation or sale is the expected outcome.

ISIS owns a 65% stake in the company, having made a £12.25m investment in August 2006. A possible sale would come after strong growth in the last year, with sales growing 55% as well as pre-tax profits increasing from £7.1m to £10.2m in the year ending January 2011. This has largely been driven by a 123% increase in international sales.

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• Topics
• UK / Ireland
• Consumer
• Exits
• ISIS Equity Partners