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Deals |
25 |
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DEAL ANNOUNCEMENT |
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Dow Schofield Watts LLP has advised the purchaser on the acquistion of Teleview Direct Limited. |
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No. |
DATE COMPLETED | PRICE PAID | HOW SATISFIED |
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25 |
23 May 2005 |
£ 6.3 million |
Cash |
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DESCRIPTION OF THE BUSINESS AND THE DEAL |
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N Brown Group initially invested in Teleview Direct Limited in April 1999. The company, based in Golborne offers a wide range of home entertainment and kitchen appliances from leading brands like Toshiba, Samsung, Phillips and Hotpoint for rental. In the year to February 26, 2004 Teleview posted sales of £5.7 million and a loss before interest and tax of £700,000. Net assets were approximately £7.3 million. |
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ADVISORS |
ROLE |
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| Dow Schofield Watts LLP | Purchaser – Financial Advisor | ||
| N M Rothschild | Vendor - Financial Advisor | ||
