Maplin Electronics

UK's biggest specialist retailer for consumer electronics

In September 2004, Montagu Private Equity led the buyout of Maplin Electronics from its shareholder, Graphite Capital and management. Maplin's management team, led by Chairman Dr Keith Pacey, reinvested a substantial proportion of their proceeds reflecting their strong belief in the company's future growth prospects.

Maplin is a multi-channel retailer operating a fast-growing chain of high-street and out-of-town retail stores, a mail-order catalogue and expanding internet business. Its product range comprises an extensive number of electronic components and accessories, in the broad categories of sound and vision, computer products and hobbies and electronics. It currently has 167 stores across the UK and the Republic of Ireland, and will have opened a further two stores by the end of 2009.

Our early identification of this opportunity and strong relationship with the management team were both key to our success in this transaction. The deal also demonstrates Montagu's credibility with vendors to deliver value in a tight timeframe.

Deal details

Deal type: Secondary Buyout Investment Year: 2004 Country: United Kingdom Status: Realised Value: £244 million Industry Sector: Consumer