TPG Capital backs Victoria Plumb with £200m investment


bathroom5_sqPrivate equity firm TPG Capital has acquired a stake in UK bathroom products and furniture retailer Victoria Plumb for £200m.

Last year Victoria’s profits jumped 25 per cent to£6m as sales surged 38 per cent to £26.2m.

TPG principal Malte Janzarik said, “We have been looking for high-growth companies that fit into our investment theme of digital disruption.

“Victoria Plumb represents an exciting opportunity to build one of the leading e-commerce companies in the UK.

“We are excited to back Jason as CEO and to partner with the Walker family to take the business to the next level.”

Earlier this week TPG bought natural gas projects in the Jonah field Wyoming fromEncana Corporation in a $1.8bn deal.

Copyright © 2014 AltAssets