Top UK franchise and management consultancy, The Franchise Group, is to seek a listing on the Toronto Ventures Market next year following a £9.7 million takeover deal.
A consortium led by UK businessman Jeff Smith acquired the Manchester-based consultancy, which helps successful businesses expand via its unique ‘Upside Down’ franchising model.
Fellow investor and new Chief Executive, Les Dyson, immediately announced the firm’s ambitious plans for growth, including an intention to list the company on Toronto ’s TSX Ventures market – a rival to London-based AIM – early next year.
Mr Dyson, a former director of companies ranging from Viners, Electrocomponents plc and Ronson, said: ‘We have great plans for The Franchise Group and I was delighted to be given the opportunity to get involved. The Franchise Group is potentially a very strong business services company with great intellectual property and tremendous global potential.’
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The Franchise Group Set To List Following £10m Buy Out
October 31, 2007 by Cris | 0 Comments
In Franchises, Franchising in UK / Ireland /, News
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