Lloyds Business Brokers is pleased to announce the sale of Caribu Horse Wear to a high-profile Trade Player.
The sale follows an intense and highly successful 9-week marketing campaign that resulted in 55 qualified enquires and 5 offers on the table. The winning bid resulted in a multiple of 5.2 times EBITDA.
Caribu is an Australian-owned company founded in 2006 that has quickly grown to become a horse owners first choice for horse wear and accessories. Caribu’s extensive range has been designed by Caribu to bring customers quality without compromise. The company specialize in online sales of their Caribu branded range of horse blankets and associated equestrian accessories. 93 % of their products are sold via their website, backed up with their popular eBay store being used to drive sales to the website.
The company has grown to become a household name in Australian Horse Rugs. For over 10 years they have been collaborating with equestrian enthusiasts to develop a large range of Australian Horse Rugs that are designed for the vast extremes of the Australian climate and wide range of interests of their horse loving customer
The Sale of the business was conducted by our Founding Director Rudy Weber, using Lloyds Tender Process in conjunction with the application of Lloyds Target Marketing, produced some spirited offers which resulted in a highly successful Sale.
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