Private equiteers are taking a trip down memory lane as they study up on 30-year-old school sportsgoods supplier, Hart Sport.
Greg Harten, a former tennis coach, started Hart Sport by selling sports equipment via mail catalogue to Queensland schools. The group has its own manufacturing facility, where it produces more than 700 different foam and vinyl products, and exports to more than 40 countries. Hart Sport is expected to attract interest from mid-market private equity firms - most of which love investing to help founders and family-owned businesses transition out - and other schoolgoods suppliers.Hart Sport is fully owned by Greg Harten, according to documents filed with the corporate regulator. Harten started the business in 1992, having formerly worked as a tennis coach. He began with mail-order catalogues to schools across Queensland, before expanding to the rest of Australia.
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Source: FinancialReview - 🏆 2. / 90 Read more »
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