Theo in private equity takeover talks

A LUXURY jeweller whose customers include the Beckhams and Helen Mirren saw its share price surge yesterday after it confirmed takeover talks with a private equity firm.
By The Newsroom
Published 6th Sep 2012, 09:49 BST

Theo Fennell, which sells jewellery at prices ranging up to £250,000 or more per piece, said it was in “very preliminary” talks with EME Capital over a bid.

But the group, which sells jewellery designed by its founder, art school graduate Theo Fennell, who still owns 16.1 per cent of the company, said there was no certainty a formal offer would be made for its business.

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Shares in the company, which also designed trophies for the Italian and Monaco Formula One Grand Prix events, were 30 per cent higher, giving it a market value of £3.5m.

Theo Fennell, which sells its products in jewellers across the country, reported a pre-tax loss of £1.7m in the year to March 31.