Carlyle aims for £350m from Britax

first_img whatsapp Sunday 15 August 2010 10:40 pm by Taboolaby TaboolaSponsored LinksSponsored LinksPromoted LinksPromoted LinksYou May LikeMoneyPailShe Was A Star, Now She Works In ScottsdaleMoneyPailCrowdy FanShe Didn’t Know Why Everyone Was Staring At Her Hilarious T-ShirtCrowdy FanBetterBe20 Stunning Female AthletesBetterBeautooverload.comDeclassified Vietnam War Photos The Public Wasn’t Meant To Seeautooverload.comTotal PastThe Ingenious Reason There Are No Mosquitoes At Disney WorldTotal PastTaonga: The Island FarmThe Most Relaxing Farm Game of 2021. No InstallTaonga: The Island Farmmoneycougar.comThis Proves The Osmonds Weren’t So Innocentmoneycougar.comMoneyWise.com15 States Where Americans Don’t Want To Live AnymoreMoneyWise.cominvesting.comCanceled TV Shows Announced: Full Updated Carlyle aims for £350m from Britax Share KCS-content center_img 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. whatsapp 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 Tags: NULLlast_img

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