Charterhouse looking to sell Giles majority stake

Brendan McManus

City A.M. has today reported that Charterhouse has made informal approaches to sector specialists in a bid to sound out potential interest. 

However, the business title stated that candidates spoken to so far have warned that the sale price currently looks too full.

Glasgow-based Giles was bought by Charterhouse in 2008. The London and Paris-based private equity firm is headed by executive chairman Gordon Bonnyman.

Giles' chairman Chris Giles currently holds a 20% stake while the other 15% is

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