Hellerman Tyton private equity owner looks at sale options

CABLE ties manufacturer Hellermann Tyton is likely to be sold or floated by its private equity owner, with an estimated valuation of £800m.

US private equity house Doughty Hanson, which bought Hellermann Tyton in 2006, looked to sell the Manchester headquartered business in 2010 but could not secure a buyer.

Now reports suggest that DC Advisory Partners have been appointed to look at strategic options for the business, with a sale to another private equity player thought to be a strong possibility although any deal might not take place until next year.

Hellermann Tyton has a manufacturing base at Sharston Green Business Park, Wythenshawe, and employs more than 2,600 people worldwide.

The firm’s main operation is making plastic ties for fastening cables and it has a range of more than 20,000 products.

In addition to its facility in Manchester, Hellermann has a factory in Plymouth and distribution sites in Walsall, Northern Ireland and the Republic of Ireland.

Manchester is also home to one of three European design facilities, alongside centres in Germany and France.

Hellermann has a presence in 34 countries overall, supplying cable ties, tubing products and fittings to sectors including telecoms, energy, transport, electronics, aerospace, defence and oil and gas.

Doughty Hanson bought the business from telecoms group Spirent for £288m.