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Bossard Takes Stake as bigHead Bought by Management
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2014-05-29
Private equity specialist EPE Special Opportunities confirmed that ESO Investments 1, a partnership in which it is the majority partner, has disposed of its investment in bigHead to management. EPE says the transaction returns GB£4 million cash to ESO Investments 1 at exit date, with a further GB£0.6 million income since September 2010 when it acquired the GB£3 million stake. Simultaneously, Bossard Group confirmed it has taken a 19% stake in bigHead. Bossard quotes annual bigHead sales at around CHF 4 million (approximately GB£2.75 million) and expresses confidence in its capabilities to grow in a high-tech niche that is seeing unprecedented levels of expansion, particularly now it is "further aligned with Bossard’s global sales network".
