Catalyst takes control in Australia's Home & Decor Holdings
Australian private equity firm Catalyst Investment Managers has taken a 70% majority stake in Home & Decor Holdings Pty Ltd, a new entity created to combine the assets of two local specialty retail businesses, Adairs Retail Group and Dusk Australasia, both owned by BB Retail Capital.
Catalyst is believed to have paid around A$150 million ($147 million) in the course of the transaction, from its Catalyst Buyout Fund 2. Adairs is a leading soft furnishings business in Australia, while...
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