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Private equity eyes Huveaux

By Simon English for MailOnline
Updated: 04:59 EDT, 22 October 2007

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Publisher Huveaux, the UK market leader in study aids and revision guides, has revealed today that it has received takeover offers - and that its profits will be lower than expected.

The group has four divisions: healthcare, learning, politics and education - home to Letts revision guides and Leckie & Leckie course notes.

A statement today said that Gordon Brown's decision not to call a general election this year would lead to profits of between £6m and £7m for the year to December, lower than it was previously predicting.

Huveaux also said it has 'has received preliminary approaches from a number of private equity houses in relation to a possible offer for the company'.

The firm was founded by John P de Blocq van Kuffeler in 2001. Van Kuffeler is also chairman of door-to-door loans group Provident Financial.

Huveaux did not name the suitors but indicated the talks were at a 'very early stage'. The shares opened at 28p, which would price the company at £42m.

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