Hoseasons in new investor search
Monday, 03 Nov, 2009
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Financial advisors have been appointed to attract possible new shareholders for UK self-catering operator Hoseasons
Majority shareholder, private equity firm Hg Capital, is considering options for its stake after a six year involvement in the company.
Financial advisors Close Brothers has been appointed to investigate new shareholder options.
Hoseasons chief executive Richard Carrick said he was keen to explore ways to grow and expand the business.
“We have been looking long and hard about our future as a business and are looking for find shareholders who we can align with and are inclined to invest in the business and the sector,” he said.
“We believe we are well placed for growth in self-catering and also other niche areas and are now sitting on a very scaleable business.
“We have done well over the last three years, even before the recession kicked in, and want to ensure we have investors with an appetite for the sector.”
by Phil Davies
Phil Davies
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