Carlyle aims for £350m from Britax

first_img Carlyle aims for £350m from Britax PRIVATE equity firm Carlyle Group has appointed investment bank NM Rothschild to sell Britax, the maker of child car seats, for up to £350m.Carlyle is understood to have put the business on the block after receiving interest from rival private equity firms and trade buyers. A sale at its target price would net Carlyle’s dealmakers a profit of £120m.Britax has grown rapidly since it was taken over by the US buyout house for £230m five years ago. Sales of brands including Romer and Safe n Sound expanded by 52 per cent to £183m between 2004 and 2008, boosted in part by tighter regulations on in-car safety for minors in developing countries.Based in Chertsey, Surrey, Britax began life making automotive safety equipment in 1983 before narrowing its focus on childcare safety goods in the 1970s. It has manufacturing bases in North America, Australia and Germany as well as the UK. Britax employs 1,000 people globally and commands a 40 per cent market share in the UK and Germany.The company’s management, led by Karl Kahofer, will be in for a windfall of tens of millions of pounds should a transaction take place. Bosses have a 15 per cent stake.Carlyle has carried out a number of deals this year, selling Multiplan in the US, teaming up with TPG to buy Australia’s Healthscope and taking a stake in Brazil’s Grupo Qualicorp. by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailNoteabley25 Funny Notes Written By StrangersNoteableyZen HeraldThe Truth About Why ’40s Actor John Wayne Didn’t Serve In WWII Has Come To LightZen HeraldBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comAtlantic MirrorA Kilimanjaro Discovery Has Proved This About The BibleAtlantic MirrorTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastElite HeraldKate Middleton Dropped An Unexpected Baby BombshellElite HeraldTrading BlvdThis Picture of Prince Harry & Father at The Same Age Will Shock YouTrading Blvd Share KCS-content whatsapp Sunday 15 August 2010 10:40 pmcenter_img Tags: NULL Show Comments ▼ Read This Next’A Quiet Place Part II’ Sets Pandemic Record in Debut WeekendFamily ProofHiking Gadgets: Amazon Deals Perfect For Your Next AdventureFamily ProofBack on the Rails for Summer New York to New Orleans, Savannah and MiamiFamily ProofIndian Spiced Vegetable Nuggets: Recipes Worth CookingFamily ProofAmazon roars for MGM’s lion, paying $8.45 billion for studio behind JamesFamily ProofYoga for Beginners: 3 Different Types of Yoga You Should TryFamily ProofTortilla Mango Cups: Recipes Worth CookingFamily ProofWhat to Know About ‘Loki’ Ahead of Disney+ Premier on June 9Family ProofThe Truth About Bottled Water – Get the Facts on Drinking Bottled WaterGayot whatsapplast_img

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