Montagu irons out GHD sale

The private equity owner of hair styling brand GHD has sold the firm to Lion Capital for an undisclosed sum. Montagu Private Equity, which bought into GHD’s parent firm as part of a management buyout for £160m in 2007, said the company generated £150m in revenues and £32m in profit last year. Lion said it will continue to work closely with management to develop new products and ramp up sales through new channels.