{"id":319460,"date":"2011-03-18T10:25:58","date_gmt":"2011-03-18T10:25:58","guid":{"rendered":"http:\/\/www.ghanamma.net\/2011\/03\/18\/phones4u-retailer-changes-hands\/"},"modified":"2011-03-18T10:25:58","modified_gmt":"2011-03-18T10:25:58","slug":"phones4u-retailer-changes-hands","status":"publish","type":"post","link":"https:\/\/www.ghanamma.com\/2011\/03\/18\/phones4u-retailer-changes-hands\/","title":{"rendered":"Phones4U retailer changes hands"},"content":{"rendered":"<p><div readability=\"44.6510468594\">\n        \t\t  <span><br \/>\n    <span>18 March 2011<\/span><br \/>\n<span>Last updated at <\/span><span>06:25 ET<\/span><br \/>\n<\/span><\/p>\n<p>Retailer Phones4U has changed hands, swapping one private equity owner for another.<\/p>\n<p>BC Partners has bought the mobile phones chain from Providence Equity for an undisclosed sum.<\/p>\n<p>Phones4U, which has 500 shops, saw sales rise 20% last year to \u00a3900m.<\/p>\n<p>&#8220;Phones 4U is ideally positioned to benefit from further strong growth in the smartphone market, as technological innovation and product evolution continues,&#8221; said BC Partners.<\/p>\n<p>Providence has owned Phones4U for four-and-a-half years. <\/p>\n<p>The business was founded by billionaire John Caudwell in 1987. He sold it to Providence and another private equity firm, Doughty Hanson, for a reported \u00a31.46bn.<\/p>\n<p>The acquisition by BC Partners is expected to be completed in April.<\/p>\n<\/p><\/div>\n<\/p>\n<p>Read the original post:<br \/>\n<a target=\"_blank\" href=\"http:\/\/www.bbc.co.uk\/go\/rss\/int\/news\/-\/news\/business-12783412\" title=\"Phones4U retailer changes hands\" rel=\"noopener noreferrer\">Phones4U retailer changes hands<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p> 18 March 2011 Last updated at 06:25 ET Retailer Phones4U has changed hands, swapping one private equity owner for another. BC Partners has bought the mobile phones chain from Providence Equity for an undisclosed sum. <\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-319460","post","type-post","status-publish","format-standard"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Phones4U retailer changes hands - Ghanamma.com<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.ghanamma.com\/2011\/03\/18\/phones4u-retailer-changes-hands\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:title\" content=\"Phones4U retailer changes hands - Ghanamma.com\" \/>\n<meta name=\"twitter:description\" content=\"18 March 2011 Last updated at 06:25 ET Retailer Phones4U has changed hands, swapping one private equity owner for another. 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