Sale of Traesko

 
Traesko.png

TRANSACTION TYPE
Sale

VALUE
Undisclosed

SECTOR
Multichannel Retail

 

Argyll Partners was instructed to sell Traesko with the key objective to establish a clean break for the parent company.

Traesko

  • UK furniture retail operations of a Danish furniture manufacturer and retailer

Deal highlights

  • accelerated sale process to protect Danish parent

  • process completed in 30 days from appointment, with 25 expressions of interest

  • acquiror assumed ongoing liabilities, including parent company guarantee obligations with no “bounce back” to the parent 

  • an important element of the transaction was to ensure that contingent liabilities in respect of parent company guarantees were minimised

 
Selling your Business, Accelerated Sale and RestructuringLuke DaviesMultichannel Retail