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ABM Amro Capital buys Jessops for pounds 116m
Independent, The (London), Sep 16, 2002
JESSOPS, the photographic retailer, has been bought by ABN Amro Capital for pounds 116m from the rival private equity group Bridgepoint Capital, which has repeatedly tried and failed to float the business. Tim Brookes, Jessops' chairman, who has a 15 per cent stake in the company, will stay on in a non-executive capacity.
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Bridgepoint bought Jessops through a pounds 42m management buy-in in 1996.
Copyright 2002 Independent Newspapers UK Limited
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