Robert Dyas buyout completed

A management buyout at high street chain Robert Dyas was completed yesterday, leaving previous owners Change Capital with losses of almost £30m, even after lenders agreed to roll £30m of debt into the new company.

Robert Dyas buyout completed

The management team, made up of five Dyas executives led by CEO Steven Round, struck a deal with Change Capital, raising a reported £1m to buy the company, plus agreeing to take on the £30m debt.

The move saves the company from administration and safeguards more than 1,200 jobs across the chain’s store portfolio and head office.

Check Also

BHETA repeats digital sales and marketing training course due to member demand

BHETA is repeating its popular series of webinars advising members on how to maximise sales …