Maternitywear specialist Seraphine which floated on the London Stock Exchange in the summer of 2021 and has since struggled to achieve profits will soon be delisted. The business racked up pre-tax losses of £3.8m in 2021, this had grown to £36m for the year ended April 3, 2022.
Purple Bidco, formed by Mayfair Equity Partners, has reached agreement to acquire more than 95 per cent of the shares in Seraphine with its offer to shareholders closing on 6th April. It will then commence with the compulsory acquisition of the remaining shares which will enable it to delist the loss-making business.
Share