
West Capital puts Office up for sale
West Capital is looking to sell shoe retailer Office for an estimated €170m.
The chain was bought by West Capital in 2003 for about £16m. It has since expanded across the UK, from 21 stores in 2003 to 125 at present. Office has prospered in 2009 despite the downturn, posting a £145.6m turnover (up 29%) and a £15.6m EBIT (up 148%).
West Coast Capital is looking to sell to a private equity buyer, and stated that an IPO is very unlikely.
The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.
If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com
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