frequently asked questions
Endless questions? Select from the list below for answers to some frequently asked questions
Endless has sold 3 investments in 2006. Is it a ‘quick turn’ model?
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Q |
Endless has sold 3 investments in 2006. Is it a ‘quick turn’ model? |
A |
No. On Encanta Magazines we stepped in to save the business when the MBI candidate could not get a private equity house to move quickly enough. We were the only people who could do the deal and as part of that deal, we agreed a 6 month buy back clause with him at an agreed price which represented a win win. On Glyn Webb, we went into the deal with a 3 year plan but the hot summer made retail conditions for that sector very difficult. We sold the business on to a more experienced trade player to take it forward. On Pearl Fittings, the business grew so sharply after a raw material price increase that we decided to get a partner with deeper pockets on board. We envisage our typical hold period will be two to three years but take an individual view on each deal.
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