Apax Partners and Duke Street Capital, the private equity backers of DIY retailer Focus Wickes, have secured a partial exit with a £950m (€1.4bn) sale of the Wickes division to Travis Perkins, the DIY group.

Wickes is the third largest DIY retailer in the UK. It targets small tradesmen and serious amateurs.

Nicholas Lockley

Travis Perkins

Goldman Sachs

HSBC

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Duke Street and Apax sell Wickes

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