TA eyes £250m Cath Kidson sale
Cathy Kidson owner TA Associates has hired investment bank UBS as it looks to capitalise on the success of the retailer.
The venture capital firm owns a majority of the rapidly expanding chain as has recruited UBS to 'take the company through the next stage'.
'Cath Kidston is growing rapidly and has exciting plans to capitalise on the international appeal of its brand. In these circumstances it is prudent that the company and its owners should carefully assess the options available to take the company through the next stage in its evolution and UBS has been appointed to help,' says a statement.
TA Associates bought its majority stake in 2010 and has invested in the chain's international expansion.