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Sofa retailer DFS is close to a return to the stock market with its private equity owner Advent International hoping to achieve a valuation approaching £1bn.


The circa £827m* turnover retailer will unveil its IPO plans in the first week of February, according to Sky News, which says broker Hargreaves Lansdown has been hired to co-ordinate the offering.


It said the eventual valuation of the 100-store plus sofa and furniture chain would be somewhere between £600m–£1bn.


Advent International acquired the then 74-store retailer back in 2010 in deal worth a reported £500m, and has since supported its store expansion programme and acquisition strategy that has seen it buy smaller sofa and furniture chains Sofa Workshop and Dwell.


* gross sales in the year to end July.



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