The backer of one among Britain’s greatest dwelling enchancment specialists is plotting a sale that will shut the door on one of many longest possession intervals within the personal fairness business’s historical past.
Sky Information has learnt that Alchemy Companions is making ready to nominate funding bankers to promote Anglian Residence Enhancements, the supplier of home windows, doorways and residential extensions.
Sources stated an public sale of the enterprise was prone to kick off within the subsequent 12 months.
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One supply estimated that the corporate might be price in extra of £100m, though a extra exact valuation was unclear on Thursday.
Alchemy, which specialises in buying distressed companies earlier than bettering their efficiency and promoting them on, has owned Anglian in numerous kinds since 2001.
The corporate has been reshaped a number of instances since its authentic funding.
Alchemy took Anglian personal in 2001 by a really useful money provide price about £160m.
On the time, Alchemy was run by Jon Moulton, one of many pioneers of Britain’s personal fairness business and who later went on to personal Anglian’s rival double-glazing, Everest, by his subsequent buyout enterprise, Higher Capital.
Since then, Anglian has swooped on numerous troubled rivals, together with Safestyle in 2023, earlier than buying Everest’s model and different property the next 12 months.
Alchemy declined to remark.