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Volution set to be touted for sale

Volution looks set to be sold in the autumn with potential bidders already vying for position, Financial News reports.

Private equity and trade bidders are thought to be interested in buying the company, which is being sold by AAC Capital Partners after the mid-market buyout firm purchased it in 2006 for around £170 million.

AAC is hoping to make a profit on the sale and is looking to offload Volution for about £200m, according to Financial News.

Reports suggest that the sale will be run by DC Advisory Partners and the process will begin in September after the firm’s year-end earnings figures have been revealed.

AAC is the UK team of the former buyout arm of bank ABN Amro. The company, which has already sold Volution’s cable management division for undisclosed sum, is thought to be trying to raise money for its first independent fund.