Posted on: 24 September 2014 by Ross McSweeny
Monarch Holdings Limited (Monarch Group), which is predominantly owned by the Mantegazza family, has announced that Greybull Capital is its preferred bidder to acquire the Group.
Following successful negotiations, a transaction, whereby Greybull will inject a large amount of capital in order to grow the Monarch Group, is expected to be completed towards the end of October.
Greybull states that it sees Monarch as a long-term investment, intending to be supportive shareholders throughout the Group’s next chapter. Like Monarch, Greybull has a strong family element and comes with a history of encouraging incumbent management teams to continue to develop businesses to create sustainable and profitable brands.