Home
Distressed Businesses
  • All Distressed Businessess
  • Administrations
  • Liquidations
  • Winding Up
  • Insolvency Advice  New
Buy a Business
  • All Businesses for Sale
  • Find a Business for Sale
  • Raising Business Finance
  • Buyer Acquisition Service   New
  • Escrow Service   New
Sell a Business
  • Sell Your Business
  • Seller Accounts
  • Need Help Selling?
  • Help With Finance New
  • Business Valuation
  • Business Wanted Adverts
Insights & News
  • View All News
  • View All Insights
  • Exclusive Insights New
Lens
  • Search all UK Companies  New
Log in
Join Now

Home / News / Appreciate Group acquires gift card company

Appreciate Group acquires gift card company

Fri, 01 Jul 2022 | BUSINESS SALE



Gifting and engagement company, Appreciate Group has acquired a gift card technology provider to accelerate its technology plans.

The Liverpool-based company, advised by Liberum acquired MBL Holdco from Redu Group on 24th June 2022 for an initial cash consideration of £1.65m, however, there is a further £1.8m which has been deferred for 12 months dependent on “certain criteria being met.”

Ian O'Doherty, chief executive at Appreciate Group, said: "The acquisition of MBL rapidly accelerates the group's technology plans and immediately enhances our capabilities, particularly in our corporate business, where we are already enjoying increased customer demand for our products.

"The MBL platform will help us improve the competitiveness of our offerings and bring forward opportunities that can deliver higher levels of growth. We look forward to working with the MBL team to enhance our proposition for our customers and create value for our shareholders."

MBL Holdco, which specialises in end-to-end gift card processing and management services, has a SaaS offering which enables businesses to launch their own gift card websites as well as a digital gift card mall where B2C and B2B customers can purchase gift cards directly from a catalogue of over 160 high-street retailers.

Adam Hobbs, head of retail partnerships at MBL, added: "MBL becoming part of Appreciate Group is positive news for customers and partners of both organisations.

"Both MBL and Appreciate Group see clear opportunities to bring together each other's technology and market position to enhance the services and products they provide. The team at MBL is looking forward to working with Appreciate Group to realise its plans."

Ryecroft Glenton Corporate Finance provided advice to the shareholders of MBL and Weightmans LLP provided legal advice.

Find businesses for sale here.

If you are looking for an exit, we can help!


Share this article



Latest Businesses for Sale

Regional Pawnbroker Operating Two Stores
North West, UK

Pawns and sells a variety of items, including watches, rings, necklaces, war memorabilia, precious gems, handbags and general trinkets. Possesses a large pledge book, valued in excess of £600k and comprising over 2,000 live pledges. Offers competitiv...

Asking Price: Offers Invited
Turnover: £1,490,000

LEASEHOLD


Provider of Multi-disciplinary Property Advice and Management Solutions
South of England, UK

Offers a comprehensive range of property solutions, including residential surveys and valuations; property management; commercial surveying; building design and project management; party wall advice; and the provision of EPCs. Regulated by RICS and p...

Asking Price: Offers Invited
Turnover: £796,000

LEASEHOLD


Mechanical, Electrical and Plumbing Contractor
UK Wide

Offers comprehensive mechanical, electrical and plumbing solutions as part of a cost-effective, efficient and sustainable approach. Operates across a wide variety of sectors and benefits from an exceptional reputation. Experienced and dedicated workf...

Asking Price: Offers Invited
Turnover: £12,800,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
09
 
Aug
 

Forecourt operator continues expansion with Welsh acquisitions | COMMERCIAL PROPERTY

Forecourt operator Ascona has continued its rapid acquisitiv...

 
08
 
Aug
 

RedCat Pub Company acquires two more South West hotels | BUSINESS SALE

RedCat Pub Company has continued its acquisition spree in th...

 
05
 
Aug
 

EV Technology to acquire Fablink Group at up to 13x gross profits | BUSINESS SALE

Fablink Group has announced that it has agreed to be acquire...

Free guide: 10 Biggest Buyer Mistakes

Sign up to receive our acquisition alert emails to get your FREE guide

Email


Want access to the latest businesses for sale?

Business Sale Report is your complete solution to finding great acquisition opportunities.

Join today to receive:

  • Comprehensive range of businesses for sale
  • Make direct contact with business sellers or their intermediaries
  • Access to all UK administrations, liquidations and winding-up petitions
  • Daily email alerts for the latest businesses for sale & distressed notifications
  • Business Sale Report publication posted to you every month
  • Advertise your acquisition requirements on our "business wanted" section

All this and much more, including the latest M&A news and exclusive resources

Become a Member

News Categories

  • - Business Sale
  • - Division Sale
  • - Administration
  • - MBO/MBI
  • - Merger
  • - Commercial Property

View all news


About Us

Business Sale Report is the UK's leading independent business for sale & distressed business listing service. Established in 1995, the report offers an up-to-the-minute, comprehensive overview of businesses for sale, latest distressed business listings and daily acquisition news.

Our Services

Businesses for Sale
Distressed Companies
List a Business
Help with Finance
Buyer Acquisition Service
Small Businesses for Sale

Company

About Us
Insights
News
FAQs
Reviews
Terms & Conditions
Privacy Policy

Get In Touch

020 8875 0200
[email protected]
167 Oakhill Road, London, SW15 2QW
Working hours: Mon-Fri, 9am - 5:30pm


Sign up to our free newsletter



© 1995-2022. Business Sale Report Ltd. All rights reserved. www.business-sale.com.