Close Brothers is pleased to announce that Jeyes Holdings Limited has successfully completed the sale of its Firelighters Division (retail brand name Tiger Tim) through a BIMBO (brought in management buyout) transaction under terms not disclosed.

Finance Director Nicholas Goodwin said:

"We're very pleased with the outcome of extensive negotiations which have led to the sale of the firelighters division. We wish the new owners and their staff every success in the future."

Tiger Tim is Europe's largest producer of firelighter and ignition products and its sale is part of the Jeyes long-term strategy to focus on its core categories and brands through market-leading innovative products. Close Brothers provided strategic advice to Jeyes and its shareholders, including Legal & General Ventures.

This transaction represents the first for Close Brothers' recently recruited Consumer Products team. Tim Leach (Director) and Roger Taylor (Assistant Director) bring with them a wealth of Branded Consumer deal experience and their credentials include - Procter & Gamble / Wella, GSK, Charles Worthington Haircare, Burton Snowboards, Aga Foodservice, Tony & Tina Cosmetics and The Sanctuary Spa.

For more information regarding this transaction or our Consumer Products focus please contact Tim Leach or Roger Taylor on +44 (0) 20 7655 3100.