Endless acquires Bathstore

Endless invested £11m through its Fund III, which closed on £220m in July 2011.

The investment will underpin the growth of the company's e-commerce offering and the acquisition of further stores.

Company
Founded in 1990 and headquartered in Watford, Bathstore is a national bathroom retailer.

In 2011, the firm recorded a £95m turnover and a £6.5m EBITDA. Bathstore employs around 500 members of staff at its 169 stores across the UK.

People
Managing partner Garry Wilson led the deal for Endless alongside investment director Aidan Robson and associate director Indra Valeinis.

Advisers
Equity - Walker Morris, Debbie Jackson (Legal).
Vendor - Sentio Partners (Corporate finance); Addleshaw Goddard (Legal).

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• Topics
• UK / Ireland
• Consumer
• Buyouts
• United Kingdom
• Endless