Halfords in management buyout

2013-07-02T00:00:00

Macintosh Retail Group has agreed to a management-led buyout of its Halfords subsidiary by Peter-Jan Stormmesand, the managing director of the Dutch chain of dealerships for bicycles and bike and automotive accessories. Macintosh will fund the acquisition with a capital base of about 30 percent, giving Halfords a strong financial ...

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