Quercus Corporate Finance is delighted to announce the sale of the renowned Newbury-based Camp Hopson retail stores to Morley Stores Group.
The Quercus team advised the Board of Camp Hopson & Co Limited (“Camp Hopson”) on the sale of the business and assets of the group's retail operations. Financial details of the transaction have not been disclosed.
Camp Hopson is a multi-award winning 5th generation family business that has been in the heart of Newbury for over 100 years.
Andrew Clegg, Partner, said:
“This is an excellent deal for all the shareholders, management, staff and customers of Camp Hopson & Co Limited. We have found a partner in Morley’s who understands retailing and has a very successful track record of acquiring family owned businesses, investing in them and building on the quality of those businesses. We are delighted to have been the lead adviser on this transaction."
Jonathan Hopson, CEO of Camp Hopson added:
“I am very pleased we have found a buyer who will not just keep the name, but invest in the Camp Hopson brand. Equally I am delighted that we selected Quercus as our Corporate Finance adviser. Their understanding of the dynamics of selling a 5th generation family business, alongside their tirelessness determination to deliver a premium price while ensuring a smooth transaction made a huge difference to the process and its outcome”.