CVC Capital acquires Domestic & General

In Industry News On

CVC Capital Partners announced today that they have agreed to acquire Domestic & General Group in partnership with the existing management team.

Completion of the transaction is subject to regulatory clearances and is expected to take place during Q4 2013.

CVC is one of the world’s leading private equity and investment advisory firms. Founded in 1981, CVC today has a network of 21 offices and 280 employees throughout Europe, Asia and the US.

In a joint statement, Pev Hooper, Partner at CVC and Peter Rutland, Senior Managing Director at CVC said: “We are very pleased to be investing to acquire D&G alongside management. John Pearmund and his team have built a great business, with real long term growth potential. We look forward to working with them and using CVC’s international resources to help take D&G to the next stage of its development.”

John Pearmund, Chief Executive of D&G said: “We are delighted to have CVC as a partner as we enter the next phase of our company’s growth. We very much welcome the support, opportunities and resources which CVC will bring to D&G to enable us to build further on our success to date in the UK and internationally.”

You may also read!

Sirius has best year to-date, adds four new Approved Members to the group

Major buying group in the electrical appliance and kitchen retail industry, Sirius Buying Group, has announced its best year


Panasonic and Domestic & General agree exclusive six year deal

Panasonic has partnered with the UK’s leading provider of appliance care, Domestic & General (D&G), as their exclusive after


World’s first cognitive intelligence TV, Sony BRAVIA XR Master Series A90J, to go on sale in Europe in March

Sony has announced the European launch window for its innovative BRAVIA XR MASTER Series A90J 4K HDR OLED televisions.


Mobile Sliding Menu

©2020 Innovative Electrical Retailing. Datateam Business Media Limited. All rights reserved.
Registered in England No: 1771113. VAT No: 834 8567 90.
Registered Office: 15a London Road, Maidstone, Kent ME16 8LY