Alchemy spots window to sell home improvements group Anglian

The backer of 1 of Britain’s biggest location betterment specialists is plotting a merchantability that would adjacent the doorway connected 1 of the longest ownership periods successful the backstage equity industry’s history.

Sky News has learnt that Alchemy Partners is preparing to name concern bankers to merchantability Anglian Home Improvements, the supplier of windows, doors and location extensions.

Sources said an auction of the concern was apt to footwear disconnected successful the adjacent 12 months.

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One root estimated that the institution could beryllium worthy successful excess of £100m, though a much precise valuation was unclear connected Thursday.

Alchemy, which specialises successful acquiring distressed businesses earlier improving their show and selling them on, has owned Anglian successful assorted forms since 2001.

The institution has been reshaped respective times since its archetypal investment.

Alchemy took Anglian backstage successful 2001 done a recommended currency connection worthy astir £160m.

At the time, Alchemy was tally by Jon Moulton, 1 of the pioneers of Britain's backstage equity manufacture and who aboriginal went connected to ain Anglian's rival double-glazing, Everest, done his consequent buyout venture, Better Capital.

Since then, Anglian has swooped connected a fig of troubled rivals, including Safestyle successful 2023, earlier acquiring Everest's marque and different assets the pursuing year.

Alchemy declined to comment.