Extreme discount retailer Bargain Hunt bought by ACON Investments

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Extreme discount retailer Bargain Hunt has been bagged by Washington DC-based private equity house ACON Investments.

The company offers name-brand merchandise at up to 90 per cent discounts from retail across areas including clothing, home goods and domestics, baby, toys, electronics, sporting goods and indoor and outdoor furniture.

Bargain Hunt has 90 locations across the southeastern US.

ACON founding partner Ken Brotman said, “We believe Bargain Hunt represents a unique opportunity to invest in the extreme discount retail sector which we view as an attractive sub-sector within retail broadly.

“We plan to bring ACON’s experience and expertise to the exciting next phase for the company.”

ACON specialises in investments across the US, Europe and Latin America.

The firm held the final close its fourth fund on its $1.07bn hard cap in 2017.

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