Market leader Ezibuy sale tipped
Catalyst Investment Managers is said to be considering the sale of its stake in Kiwi clothing and homeware retailer EziBuy.
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Hawke’s Bay
Private equity firm Catalyst Investment Managers is said to be considering the sale of its stake in Kiwi clothing and homeware retailer EziBuy.
Catalyst has appointed UBS to explore the potential exit of its 43.09% investment in the predominately online retailer, the Australian Financial Review reports.
A sale could fetch as much as $A300 million, AFR said.
EziBuy is the market leader in the apparel and home decor catalogue market in Australia and New Zealand.
Brothers Peter and Gerald Gillespie and John Robinson founded EziBuy in Palmerston North in 1978.
The company began as a catalogue business but swiftly branched into the online market and acquired Max Fashions, a New Zealand women’s apparel retailer, in November 2007.
Catalyst, which bought its stake in EziBuy from Direct Capital and Direct Group in 2008, is understood to have tipped mezzanine debt into the company a year ago.
NBR staff
Mon, 14 May 2012
Mon, 14 May 2012
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Market leader Ezibuy sale tipped
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