Merino Private Equity has acquired the Tobar Group from Primary Capital. Merino will support the existing management which is led by CEO David Mordecai and FD Glyn Loveday, with Mark Colley of Merino joining the board.
Tobar is a toy and gift specialist which retails as Hawkin’s Bazaar and Stocking Fillers, whilst also supplying other retailers via its wholesale division. The business operates a chain of 30 permanent stores with additional temporary stores in the run up to Christmas and also sells online.
David Mordecai said “We are thrilled to be partnering with Merino for the next stage of growth for Tobar. We have worked hard in recent years to grow the business and have high aspirations for the future. This is an exciting time for all of us at Tobar and we look forward to taking full advantage of the opportunity.”
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