AM Online

Sale or float of Halfords 'one step closer'

CVC Capital Partners, the private equity group, is close to appointing bankers to advise on a possible sale, merger or flotation of Halfords, the car parts and bicycle retailer, according a report in The Scotsman, which says Halfords could be valued up to £600 million, just 16 months after CVC bought the company from Boots plc for £427 million.

The company is understood to have spoken to a number of advisers, including Deutsche Bank and Merrill Lynch. The transaction mooted excludes the former Halfords auto centres, which were not bought by CVC Capital Partners, but by the AA.

If you are not a registered user your comment will go to AM for approval before publishing. To avoid this requirement please register or login.

Comment as guest


Login  /  Register

Comments

No comments have been made yet.