Daisy set to go up for sale - report

CEO Neil Muller declines to comment, but Financial Times article claims channel giant could go up for sale in March

Daisy Group could put itself up for sale as soon as March, according to a report by the Financial Times.

Rumours of a change in ownership from Daisy were widespread last year, with a Sunday Times article in February claiming the comms giant was considering returning to the stock exchange, and Sky News claiming in October that the firm was making plans for a £1.5bn sale.

A Financial Times article has now claimed that Daisy appointed UBS and Oakley Advisory late last year to lead the sale.

Speaking to the Financial Times Daisy CEO Neil Muller (pictured) declined to comment on the sale rumours, but said that Daisy has plans to as much as double the size of the business over the next five years.

Daisy declined to comment further when contacted by CRN.

Daisy Group was taken private for £494m in January 2015 and has gone on to acquire Damovo, Calyx, Phoenix IT and Alternative Networks.

The deal saw founder Matthew Riley and a group of investors take control of the business.

In the latest Top VARs Daisy was ranked as the third-largest channel firm in the UK, with revenue of £700m.