US investment firm Ares Management bids for Farrow & Ball in £300m deal

first_img US investment firm Ares Management bids for Farrow & Ball in £300m deal Ollie Gordon More From Our Partners Russell Wilson, AOC among many voicing support for Naomi Osakacbsnews.comNative American Tribe Gets Back Sacred Island Taken 160 Years Agogoodnewsnetwork.orgA ProPublica investigation has caused outrage in the U.S. this weekvaluewalk.comBrave 7-Year-old Boy Swims an Hour to Rescue His Dad and Little Sistergoodnewsnetwork.orgBiden received funds from top Russia lobbyist before Nord Stream 2 giveawaynypost.comPolice Capture Elusive Tiger Poacher After 20 Years of Pursuing the Huntergoodnewsnetwork.orgKiller drone ‘hunted down a human target’ without being told tonypost.comAstounding Fossil Discovery in California After Man Looks Closelygoodnewsnetwork.orgKamala Harris keeps list of reporters who don’t ‘understand’ her: reportnypost.com Ares Management, a Los Angeles-based alternative asset manager, is in negotiations to buy the British paint manufacturer Farrow & Ball in a deal worth up to £300m, it was revealed yesterday.The US investment firm – owner of upmarket American department store Neiman Marcus – is thought to have bid between £250m and £300m for the Dorset-based paint maker, with a deal possibly to be completed in the coming days. If it gets across the line, the deal would mark a sizeable to return for Farrow & Ball’s current owner, the London-based private equity firm European Capital.European Capital shelled out around £80m for the paint producer in a management buyout from the family owners in 2006. The private equity firm now looks set to at least triple that investment with the company’s sale. European Capital employed advisers from NM Rothschild earlier in the year to find a buyer for the company. It is understood that a number of the world’s largest private equity outfits were involved in the subsequent auction, including the Carlyle Group, TPG and Bain Capital, with London’s 3i and Bahrain’s Investcorp also having considered bids.Both Ares Management and Euro­pean Capital declined to comment when contacted by City A.M..The bid from Ares follows on from the firm’s $110m (£63.5m) acquisition of British housebuilder London Square in July this year.Farrow & Ball was founded by former chemists John Farrow and Richard Maurice Ball in the 1930s in Wimborne, Dorset. The company now has 51 showrooms spread across the UK, Europe and the United States. Show Comments ▼ Ad Unmute by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMisterStoryWoman Files For Divorce After Seeing This Photo – Can You See Why?MisterStoryUndoNational Penny For Seniors7 Discounts Seniors Only Get If They AskNational Penny For SeniorsUndoMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailUndoPost FunGreat Songs That Artists Are Now Embarrassed OfPost FunUndoMaternity WeekA Letter From The Devil Written By A Possessed Nun In 1676 Has Been TranslatedMaternity WeekUndoYahoo! SearchSearch For Car Donation For CharitiesYahoo! SearchUndoWarped SpeedCan You Name More State Capitals Than A 5th Grader? Find Out Now!Warped SpeedUndoEquity MirrorThey Drained Niagara Falls — They Weren’t Prepared For This Sickening DiscoveryEquity MirrorUndoThe No Cost Solar ProgramGet Paid To Install Solar + Tesla Battery For No Cost At Install and Save Thousands.The No Cost Solar ProgramUndocenter_img whatsapp Tags: NULL whatsapp Sunday 16 November 2014 11:29 pm Sharelast_img

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