Friday 11 March 2016

Egg on face for Dragons as Tangle Teezer appoints Baird to handle multi-million pound takeover approaches

Sometimes in the world of business knock backs only strengthen your resolve to succeed.

That appears to be the case for Shaun Pulfrey, a former hairdresser. Back in 2007, he went onto to the Dragons' Den (the hit BBC TV programme) seeking £80,000 for a 15pc stake in Tangle Teezer, which makes hairbrushes to comb through knotted hair.

The Dragons - which at the time included Duncan Bannatyne, James Caan, Deborah Meaden and Peter Jones - all turned Pulfrey down. Apparently, Peter Jones described Pulfrey's pitch as a "hair-brained" idea. Here is a Financial Times interview with the entrepreneur:

http://www.ft.com/cms/s/0/213382be-52c9-11e3-8586-00144feabdc0.html#axzz42a8fUAew

However, Pulfrey will have the last laugh after little old Betaville discovered that Tangle Teezer, Pulfrey's company, has hired advisers from Baird, the corporate finance house, to field interest from potential buyers.

Tangle Teezer has grown rapidly in the last five years and its products have become popular with celebrities such as Victoria Beckham, Cara Delevingne and Emma Watson. Reports last year claimed the company generated sales of over £30 million and distributed its products in over 70 countries.

Any deal, which could be some way off, is likely to value Tangle Teezer at well above £100 million as I'm told the business currently generates between £10 million and £12 million of EBITDA (earnings before interest tax and amortisation).

Insiders downplayed the likelihood of an imminent sale of Tangle Teezer, pointing out that the advisor at Baird (who was previously at DC Advisory) has been working with the company for quite some time to deal with expressions of interest, which the company receives on a regular basis.

Still, once corporate financiers get appointed to advise a company on "expressions of interest" a deal, typically, is not too far on the horizon...

8 comments:

  1. I was hurt and heart broken by my husband, how i got my husband back in my life again.!My name Wendy Baron, i live in Manchester, UK. A very big problem occurred in my marriage seven months ago, between me and my husband . so terrible that he took the case to court for a divorce. he said that he never wanted to stay with me again,and that he didn't love me anymore.So he packed out of the house and made me and my children passed through severe pain. I tried all my possible means to get him back,after much begging,but all to no avail.and he confirmed it that he has made his decision,and he never wanted to see me again. So on one evening,as i was coming back from work,i met an old friend of mine who asked of my husband .So i explained every thing to him,so he told me that the only way i can get my husband back,is to visit a spell caster,because it has really worked for him too.So i never believed in spell,but i had no other choice,than to follow his advice. Then he gave me the Email address of the spell caster whom he visited. Templeofloveandprosperity@gmail.com. So the next morning,i sent a mail to the address he gave to me,and the spell caster assured me that i will get my husband back the next day. What an amazing statement!! I never believed,so he spoke with me, and told me everything that i need to do. Then the next morning, So surprisingly, my husband who didn't call me for the past 7 months, gave me a call to inform me that he was coming back. So Amazing!! So that was how he came back that same day,with lots of love and joy,and he apologized for his mistake,and for the pain he caused me and my children. Then from that day,our relationship was now stronger than how it were before,by the help of a spell caster. So, i will advice you out there if you have any problem contact Dr Frank Ojo, i give you 100% guarantee that he will help you.. Email him at: Templeofloveandprosperity@gmail.com ,or call his mobile number: +2348072370762 ,or visit his Web site to know more about him: http://africatemple.yolasite.com.

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  2. God what a Gift from Dr happy, my name is Vicky Robinson . since 2 months I have witness what is called heart broken. my boyfriend that promised me marriage failed me and impregnate me and leave,he dump me,he stop calling" he stop picking my calls,and he no longer respond to me. I have be looking for solution,I fall into the hands of fake spell caster,they rough me off and took my money without help.I have cried,I have weep"and tears runs out of eyes. The silentness in my heart brought me to the deepest path of failure that I lost my job. Crying all day,because of my life was lonely. So thanks to happy that came into my life and brought me the greatest joy that was lost. I saw his mail while browsing and I contact and tell him what I am passing through with no doubt because what saw about him,was enough to believe. And I was given words of solution on what to do. I can't really help thinking about it I have tried to see what I can do, I manage to provide him some materials and he help me with the rest,after casting the spell, 2days after he came with rose on his hand and I was even about going out,i saw him in front of my door when he sees me he knee and said he is dying I should forgive him and accept him back he was crying,I can't wait to let him finish I quickly crab him and kiss him, just then" he said he is restless without me, just as the Dr has said he will be. He brought out a ring and put it on my hand. Our wedding day was scheduled,2week after we got married. today makes it 1 month and we are living happily I don't know how to praise him enough, he has done me a thing I can never forget. And I can't really share to myself alone, I want y'all to help me praise him because if it is wasn't for him I already plan of committing suicide. But right now I am now so happy more than I was before. And you out there crying for help you've already got one, Dr happy is the man that you need in all rampart. contact his address if you need his service, happylovespell2@gmail.com

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  3. My life became devastated when my husband sent me packing, after 8 years that we have been together. I was lost and helpless after trying so many ways to make my husband take me back. One day at work, i was absent minded not knowing that my boss was calling me, so he sat and asked me what its was all about i told him and he smiled and said that it was not a problem. I never understand what he meant by it wasn't a problem getting my husband back, he said he used a spell to get his wife back when she left him for another man and now they are together till date and at first i was shocked hearing such thing from my boss. He gave me an email address of the great spell caster who helped him get his wife back, i never believed this would work but i had no choice that to get in contact with the spell caster which i did, and he requested for my information and that of my husband to enable him cast the spell and i sent him the details, but after two days, my mom called me that my husband came pleading that he wants me back, i never believed it because it was just like a dream and i had to rush down to my mothers place and to my greatest surprise, my husband was kneeling before me pleading for forgiveness that he wants me and the kid back home, then i gave Happy a call regarding sudden change of my husband and he made it clear to me that my husband will love me till the end of the world, that he will never leave my sight. Now me and my husband is back together again and has started doing pleasant things he hasn't done before, he makes me happy and do what he is suppose to do as a man without nagging. Please if you need help of any kind, kindly contact Happy for help and you can reach him via email: happylovespell2@gmail.com

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