Mon, 29 Jun 2015 | BUSINESS SALE
A number of private equity firms are thought to be circling Moonpig's owner, Photobox, in a bid to make an acquisition of the greeting card firm.
The Sunday Telegraph reported that Goldman Sachs advisors have been hired on the quiet by online photo specialists Photobox to run an auction process for Moonpig following enquiries from firms including TPG and KKR.
While there had been plans on the table that would have seen the company floated on the stock market, it is thought that the firm is being eyed up by a number of suitors and an acquisition could prove suitably profitable for the firm to tempt it away from previous flotation plans.
City sources estimate that a sale of the Moonpig business could fetch between £400 million and £450 million. Photobox as a group has reported sales of £175.3 million for 2014.
While the company is doing well now, Moonpig's founder Nick Jenkins, who has recently joined the cast of Dragon's Den, noted that it didn't always perform as well as it is currently doing.
He told the Salisbury Business Club that what really made the different for the firm was the TV advertising: “It was TV that made the difference… We went from a £3 million turnover [company] to a £45 million turnover in a very short time.”
View other retail businesses for sale
Seize the chance to acquire a premium alcohol brand with an extensive global distribution network, offering significant growth potential.
This business offers a comprehensive solution for the design, fabrication, installation, and supply of aluminium systems for a diverse range of commercial clients across the UK, backed by a strong network of suppliers. With a loyal client base and mi...
This is a rare opportunity to acquire a well-established scaffolding company in the East Midlands with a strong track record and significant growth potential through diversification and increased marketing efforts.
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.