The Australian Financial Review’s Street Talk column is reporting that Ruslan Kogan has hired KPMG to shop a stake in his electronics business.
According to the Fin, Adviser KPMG Corporate Finance has distributed a flyer to potential buyers. The document does not include any financial information about the business.
Kogan, whose business makes low-cost electronic products, is said to have received unsolicited inquiries from private equity firms and retailers.
The business turned over $200 million last year, is predicted to hit $350 million this year and aims to surpass $2 billion within three years’ time, according to the article.
Business Insider has contacted a Kogan spokesperson for comment.
Read more here.