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Vision Capital hires Rothschild to look into IPO of UK’s Brighthouse

22 Aug 2014

money-issues-1035776-mPrivate equity firm Vision Capital has reportedly appointed advisers for a potential IPO of rent-to-own UK retailer Brighthouse.

Rothschild has been hired to look at all strategic options for the company, according to the Financial Times citing an announcement to bondholders, made earlier this week.

Vision bought Brighthouse in June 2007 for £170m from a consortium led by Duke Street founder Edi Truell and subsequently refinanced the company in 2011.

The company’s profits have more than doubled under Vision’s ownership, with Brighthouse’s recorded sales of £333.3m last year, up by 12.2 per cent.

The company sells a range of household goods via flexible agreements of up to three years.

Vision Capital promoted Samer Cortas to partner in January this year.

Cortas joined the London-headquartered firm in October 2010 as a principal after spending more than 12 years in leverage finance.

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