UK DIY News
Focus pursuers show colours
Cerberus Capital Management, the private equity firm is believed to be working closely with Hilco the US distressed debt specialist, in its bid for Focus DIY.
An announcement about the future of the group that ir currently labouring under £280m of debt, is expected by the end of next week.
The DIY retailer was put up for sale in January 2007, after it became clear that its sales were not growing fast enough to service its debt burden. Its banks set a JUune deadline for the deal.
Insight provides a host of information I need on many of our company’s largest customers. I use this information regularly with my team, both at a local level as well as with our other international operations. It’s extremely useful when sharing market intelligence information with our corporate office.
Don't miss out on all the latest, breaking news from the DIY industry
