BWG to buy Electra Partners’ stake in group

Senior management at BWG Holdings, the wholesale group that operates the Spar and Mace franchises, has made an approach to buy the 65 per cent of the business controlled by private-equity group Electra Partners.

Ian Kehoe - avatar

Ian Kehoe

26th August, 2006

Senior management at BWG Holdings, the wholesale group that operates the Spar and Mace franchises, has made an approach to buy the 65 per cent of the business controlled by private-equity group Electra Partners. The move comes a month after it emerged that the British equity house wanted to sell its majority stake in the business.

The 65 per cent stake could fetch between €350 million and €400 million.

It has emerged that a number of Irish,...

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