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INVESTMENT firm Sun European Partners is said to be exploring a sale of bedroom retailer Sharps.

 

The Telegraph this weekend reported that Sun is hoping to fetch £80 million for the business, which it bought in a pre-pack administration following the carve up of the HomeForm group in 2011.


Sharps’ sales advanced 6 percent to £75.6 million in the year to September 2015, its latest reported year.


It is among the retailers most heavily affected by the sale of the Homebase business to Wesfarmers (see related) because of the number of its stores that were located inside of Homebase stores.


Spayne Lindsay, a corporate finance firm with expertise in mergers and acquisitions, has been hired to explore options, the newspaper report said.


Sun also owns the beds retailer Dreams, and backed sofas and carpets business ScS before its 2015 return to the stock market.


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