Primary Capital originally bought a 50 per cent stake in Hawkin’s Bazaar’s parent company Tobar Group in 2006.

Hawkin’s Bazaar is sold off by private equity backer

Toy retailer Hawkin’s Bazaar has been sold of by its private equity backer Primary Capital.

The retailer has been bought by the buyer Merino Private Equity, however the value of the deal has not been revealed.

Primary Capital orginally bought a 50 per cent stake in Hawkin’s Bazzar’s parent company Tobar Group, in a bid worth £42 million back in 2006.

Tobar Group currently operates 40 retail stores, and has plans to expand the business in the future.

David Mordecai, chief executive at Tobar Group, said: "We are thrilled to be partnering with Merino, who believes in the strategic direction and passion of the company and the next stage of growth," reports The Telegraph.

"We have worked hard in recent years to build the business and this is an exciting time for all of us."

About Robert Hutchins

Robert Hutchins is the editor of ToyNews and its sister title, Licensing.biz. He has worked his way from Staff Writer to Editor across the two titles, having spent almost eight years with both and what now seems like a lifetime surrounded by toys. You can contact him by emailing robert.hutchins@bizmedia.co.uk or calling him on 0203 143 8780 You can even follow him on Twitter @RobGHutchins if ranting is your thing...

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