US private-equity firm TA Associates has agreed to buy
cataloguer/retailer Cath Kidston. Although terms of the deal were
not disclosed, it is believed the acquisition values the business
at £100 million ($149 million). According to published
reports, Lloyds is providing £25 million of debt for the
deal, giving TA a 60 percent stake in the business. Cath
Kidston’s eponymous founder will retain a 30 percent share in the
business following the acquisition.
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