Seraphine buyout deal

MATERNITY fashion brand seraphine will leave the London stock market in a £15.3m takeover by its largest shareholder.

The upmarket retailer recommended a ‘take private’ transaction from private equity goliath Mayfair Equity, which holds a 42.7pc stake in the brand.

seraphine has been taken private at a tenth of its listing price after making its public debut just 18 months ago. Private equity giants have snapped up British names in recent years, including supermarkets Asda and Morrisons, and waste management business Biffa.

sharon Flood, seraphine’s chairman, blamed a litany of challenges, including the cost of living crisis.