The nursery and child merchandise chain Mamas & Papas is being put up on the market by its non-public fairness backers.
Sky News understands that the wholesale and retailer, which has been owned by Bluegem Capital since 2014, is working with bankers at Rothschild on a potential public sale.
Mamas & Papas claims to be the UK’s greatest own-brand child merchandise retailer, with over £100m of gross sales in its final monetary 12 months.
In the UK, it trades from 22 standalone shops in addition to 14 concessions inside Next outlets.
The relationship with Next, which incorporates plans for an extra 19 concessions, has sparked business hypothesis that it could be considering buying Mamas & Papas outright.
Mamas & Papas additionally sells in 40 nations worldwide by way of a community of distribution companions and franchisees.
Retail executives consider Bluegem is looking for a worth in extra of £100m for the enterprise.
That represents a stark turnaround from a pre-pack administration in 2019, and an earlier firm voluntary association aimed toward slicing its monetary liabilities.
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In its newest monetary 12 months, ending in March, the corporate recorded earnings earlier than curiosity, tax, depreciation, and amortisation of £11m, in comparison with a lack of £6m two years earlier.
Neither Bluegem Capital nor Rothschild returned requires remark, whereas a spokesman for Mamas & Papas declined to remark.
Source: information.sky.com”