Hotel Chocolat in buyout talks with private equity firms


unionjack_170sqBritish chocolatier Hotel Chocolat is reportedly looking to sell itself to private equity investors for as much as £100m.

The company has hired PriceWaterhouseCoopers, which is currently in talks with potential suitors, said the Mail on Sunday.

A buyout could value Hotel Chocolat at £50m to £100m, said the report, citing banking sources.

Hotel Chocolat received unsolicited bids after reporting an 84 per cent surge in pre-tax profits to £5.4m in the fiscal year to end June 2012 as revenues climbed six per cent to £63.8m.

The chocolatier has recently expanded internationally by opening stores in Copenhagen and Amsterdam.

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