Computer 2000 (C2000) has become the latest IT distributor to strengthen its
presence in the mobile phone space after purchasing Unique Distribution for an
undisclosed sum.
The
broadliner
beat off several management-backed bids to buy the troubled distributor’s
goodwill, name and intellectual property rights.
The sale was conducted by Chantrey Vellacott, which was appointed as Unique’s
management receiver in January as part of HM Revenue and Customs’ fraud probe
into parent IGB.
David Hinc, commercial director at Unique, which turned over £556m last year,
claimed management had been given just 40 minutes to table their offers after
C2000 threatened to withdraw its bid.
“We are disappointed. Management and staff’s best endeavours to seal a
management buyout deal were not to be,” he said.
David Ingram of Chantrey Vellacot confirmed he is seeking bidders for about
£3m of remaining stock.
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Broadliner rumoured to be sizing up assets of mobile phone distributor Unique as management cling on to MBO hopes 08 May 2008
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