The business has 178 stores in Britain, with debts of £230m. It made a loss of £21m on sales of £490m in the year to 21 February. B&Q has a DIY market share of 27 per cent, Focus has 3.5 per cent.
Cerberus needs to spend £40m to roll out new Focus Genesis stores, according to reports. Other reports suggested the chain may be broken up, with B&Q, Homebase and Wickes buying stores.