Silverfleet, the private equity company that took over the Office retail chain four years ago, has reportedly mandated JP Morgan to review its options for cashing out through a sale of the company or its stock market flotation. Here again, the business has further possibilities for international expansion. However, probably few investors would be attracted by the high price tag being placed on it. Silverfleet bought Office for £150 million (€187.7m-$235.4m) in 2010. It is said to be wanting now to resell it for £300 million (€375.5m-$470.8m). In the financial year ended last Jan. 26, Office generated operating profit before amortization (Ebitda) of £34 million (€42.6m-$53.4m) on sales of £256 million (€320.4m-$401.8m).

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