UK - Valco backs buyout of Allied Carpets Retail

Valco Capital Partners has backed the buyout of Allied Carpets Retail, a company formed from the collapse of flooring retailer Allied Carpets, after the business went into a pre-pack administration and sold 51 of its stores. The new company was set up in partnership with the failed retailer's management, and is also to include Allied Carpets' insurance inspections business.