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Lovefilm & Go Outdoors top buyout league table

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A number of retailers have been included in the top 100 private equity-backed firms in the UK, according to The Sunday Times Deloitte Buyout Track.

Lovefilm.com and Go Outdoors came top and second respectively in the list which ranks mid-market private equity backed companies with the fastest growing profit over the last two years, with independent retailer Evans Cycles coming in fourth place.

Out of the top 100, 28 of the named companies are retailers showing the continuing financial strength of the sector.

Jon Herbert, Head of Acquisition Finance at Lloyds Bank Corporate Markets, said: “The prominence of retailers in the Buyout Track bodes well for the future of private equity in the sector, as sponsors are clearly recognising the potential in the industry.

“Despite question marks surrounding UK consumer confidence, there is a host of private equity-backed retail businesses that are performing well as a result of key strategic and financial support from private equity houses and other funding partners, and by delivering clearly differentiated market propositions. Lovefilm.com is a great example of this.”

Lovefilm.com saw profits rise 280 per cent over the last year, reaching just under £16 million, which prompted online retail giant Amazon to acquire the business in January.

Go Outdoors jumped 38 places from last year’s table demonstrating its incredible growth since its first store opened in 1998, and just last week the company announced it was creating a further 500 roles across ten new outlet in 2011.

Other retailers in the top 100 included lifestyle trader Cath Kidston and shoe specialist Office, which were ranked 18th and 39th respectively.

Published on Monday 07 February by Editorial Assistant

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