20th Jan 2014 11:27
LONDON (Alliance News) - Electra Private Equity PLC Monday said it bought shoe retailer Hotter Shoes with an investment of GBP85 million, its first investment of the year.
The company didn't give a value for the whole deal, but it would be higher including debt.
In a short statement, the company said the investment would have no impact on its diluted net asset value per share at September 30, 2013.
Hotter Shoes was founded in 1959 by the parents of current owner Stewart Houlgrave. Its main selling point is the comfort of its shoes for both men and women.
By Steve McGrath; [email protected]; @SteveMcGrath1
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