Tue, 22 Sep 2015 | BUSINESS SALE
Shopping channel, Ideal Shopping Direct, has been sold by its private equity owners, Inflexion.
Inflexion, a UK-based group, has sold to a private equity operator based in the US, Blackstone, who are thought to have agreed to a price around the £200 million mark, which will essentially have doubled the price paid by Inflexion four years ago.
Mike Hancox, chief executive of Ideal Shopping Direct, will continue to lead the team. He commented on the change of ownership: “We see our future collaboration with Blackstone as a new development opportunity for Ideal Shopping Direct, from both a geographical and operational standpoint.”
The channel employs around 800 people and is streamed to some 26 million homes in the UK. It operates a variety of different sales channel through which it sells home and garden goods, as well as a growing craft offering. The firm was pushed into the US homes by Inflexion in a move designed to capitalise on the multi-billion dollar craft market.
Blackstone is aiming on continuing this work, with Gerry Murphy, the firm's senior managing director, noting that the team are planning to “capitalise on growth opportunities in omni-channel retailing in the UK and the US”.
At the moment Ideal Shopping Direct operates from offices in Peterborough where it has its own studios.
View more businesses for sale.
Specialises in undertaking electrical and mechanical works, offering a comprehensive range of services, from minor works to full turnkey projects. The company also provides a number of hazardous area services, including installations and inspections...
The company offers a wide range of haulage services, including recyclable waste removal, building material haulage, and aggregate haulage. The business owns its fleet of trucks, avoiding borrowing or leasing, resulting in a debt-free and low-overhead...
Provides high-quality industrial and welfare cleaning services, including system boiler and ducting cleaning, filter replacements, general site cleaning, plant driver cover and plant hire.
13
|
May
|
Estate agency makes third acquisition in six months | BUSINESS SALE
Pattinson Estate Agency, a property firm based in Wallsend, ...
13
|
May
|
Access Group acquires finance automation services provider | BUSINESS SALE
SME business management software specialist Access Group has...
13
|
May
|
Military simulations firm acquired at 5x operating profits | BUSINESS SALE
Mabway Limited, a military training and simulations company,...
20
|
Sep
|
CVC Capital Partners acquires Medivet stake in £1bn+ deal | BUSINESS SALE
CVC Capital Partners has acquired a majority stake in veteri...
23
|
Apr
|
Vet clinic chain plans £1bn sale | BUSINESS SALE
According to reports, Medivet, one of the UK’s biggest...
15
|
Feb
|
Brand behind Britain's favourite sweets for sale | BUSINESS SALE
Some of the UK’s most beloved confectionery brands - i...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources
Please choose your settings for this site below. For more information please read our Cookie Policy
These cookies are necessary for our website to function properly and provide you with access to all features.
These are analytics cookies that help us to improve the way our website works.
These are used to improve the functional performance of the website and make it easier for you to use.