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Silverfleet appoints JP Morgan to advise on Office ́s 300 million sale or float

By Angela Gonzalez-Rodriguez

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Silverfleet, the private equity firm which owns high street shoe retailer Office, has brought in advisers to explore the sale or float of the company. Market insiders expect the deal to nail circa 300 million pounds.

Silverfleetacquired Office for 150 million pounds in 2010 from Scottish billionaire Sir Tom Hunter’s West Coast Capital. Barely four years later, the shoe retailer could be worth as much as 300 million pounds, according to the ‘Telegraph’.

Office has seen difficult trading conditions in the spring which led to a dip in full-year profits to 34 million pounds, recalled ‘CITY A.M.’

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