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Posted on: Jan. 15, 2016, 4:19 p.m.
Hawkin's Bazaar, the toy and curiosity shop that narrowly avoided folding in 2011, has been sold off by its private equity backer Primary Capital. The value of the deal was not disclosed but the buyer, Merino Private Equity, typically acquires businesses worth up to £20m. Primary Capital originally bought a 50pc stake in Hawkin's Bazaar's parent company, Tobar Group, for £42m in 2006. But the novelty gift chain ran into difficulties after the financial crisis. Full investment news article