A British-based sleep know-how enterprise is being put up on the market by its London-listed proprietor in a deal that would fetch tens of hundreds of thousands of kilos.
Sky News has learnt that Cambridge Sleep Sciences (CSS), which develops and licenses sound know-how to assist customers get higher sleep, is to gauge curiosity from potential consumers.
City sources stated its proprietor, Barkby Group, is working with monetary advisers on a strategic evaluation, with CSS stated to be valued within the area of £50m.
CSS, which is understood for its SleepHub and SleepEngine merchandise, has licensing offers with firms together with Masimo Consumer Audio, which owns audio manufacturers equivalent to Bowers & Wilkins, Denon and Marantz.
It has additionally signed an settlement with Sleep Sense International for its know-how to function in a brand new Smart Pillow.
Insiders stated it was in negotiations to make its know-how accessible to outstanding names within the lodge and healthcare sectors which they claimed might double its worth.
Barkby is known to have determined to promote the enterprise to deal with constructing a portfolio of roadside actual property property, together with drive through eating places, comfort retail and EV charging infrastructure.
It additionally owns a portfolio of pubs and a motor dealership referred to as Centurian Automotive.
CSS is anticipated to draw curiosity from each strategic and monetary consumers.
A Barkby spokesman declined to touch upon Sunday.
Content Source: information.sky.com