Duet Capital (Holdings) Limited

Acquisition Opportunity - Business For Sale

Hilco Streambank is pleased to share the following business and asset sales opportunity on behalf of Henry Shinners, Colin Hardman, and Nick Myers of Smith & Williamson LLP, acting as the Administrators of the Company. The Administrators are in the process of conducting a sales and marketing exercise for the Company and its subsidiaries, with a deadline for indicative offers of Wednesday, 16 June, 2021 at 5pm BST.

The Company was founded in 2009 and provides pianos to schools, colleges, and universities under lease. The Company’s December 2020 draft accounts show over £14m of pianos at book value deployed in various educational establishments within the UK. The sale represents an opportunity for a buyer to acquire the business and its assets to continue generating lease income, or to take ownership of a large portfolio of high-value pianos for resale.

Further information, including documentation hosted in a virtual data room and calls with the Company’s management team, are available to parties under NDA.

Key Terms & Conditions

The bidder acknowledges that Hilco acts as an agent, who offer for sale only what right, title and interest (if any) the Company possesses in the assets. Such sale will be without any warranties, expressed or implied. Hilco has not verified the information provided, and bidders are deemed to have carried out their own due diligence.

Contact Us

Please register your interest in the first instance to the following Hilco Streambank representatives who will be able to introduce you to the relevant sales team at Smith & Williamson LLP in order to progress your interest.