UK - Risk Capital Partners acquires UK subsidiary of Borders Group

The purchase price consists of a £10m upfront cash payment and £10m deferred cash consideration subject to the performance of the business. Risk Capital Partners will take a majority holding in the business, with the parent company retaining a 17% stake. The new investors will be working with management to revitalise the business; with plans to increase cost effectiveness, improve the online offering and introduce new products.

Across both brands there are approximately 70 stores in the UK and Ireland employing approximately 2,000 people, with an estimated 8% market share. Sales for the year ending February 2007 were around £223m with EBITDA of approximately £2m.

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• Topics
• Buyouts
• UK / Ireland
• Consumer