Orlebar Brown founder Adam Brown hires Cavendish Corp Fin to advise on investment options - report
27 AUG 2017
Orlebar Brown's founder Adam Brown has hired Cavendish Corporate Finance to advise on investment options for the UK-based swimwear company, The Sunday Telegraph reported. The newspaper did not cite a source for the information.
The report estimated that Orlebar Brown could sell for GBP 50m (EUR 54.0m). The company is likely to draw interest from buyout groups, the item said.
The report noted forecast turnover of GBP 23m this year for Orlebar Brown.
Piper Private Equity took a significant minority stake in Orlebar Brown in August 2013. Orlebar Brown is listed as a current investment on the Piper Private Equity website.