Hawkin's Bazaar is sold off by private equity backer

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

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