Endless generates 5x on Bathstore exit

Endless acquired the business for an estimated £15m in May 2012. Since then, Bathstore has increased its sales by 30% and EBITDA has improved by £5m. At the time of Endless's original investment, the company's EBITDA was reported to be £6.5m.

Company
Bathstore is a retailer of bathrooms with 172 stores across the UK. The business generates revenues of £115m. The company was established in 1990 and is headquartered in Watford.

People
James Woolley is portfolio director at Endless. Gary Favell is CEO of Bathstore.

Advisers
Vendor – Rothschild (Corporate finance); Walker Morris (Legal).

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• Topics
• UK / Ireland
• Exits
• Consumer
• Endless