Tue, 13 Jun 2017 | BUSINESS SALE
London-based rare stamp and collectables seller Stanley Gibbons is inviting interest from buyers.
The company, which is best known for its rare stamps but also sells coins and antiques, has set its sight on expansion, but will need further investment to carry out its plans.
On the subject of entering new countries Stanley Gibbons commented: “Unlocking this incremental long-term value is likely to require further investment and the directors believe that it is likely therefore that such value is best delivered either within a larger group or alongside a strategic investment."
Options for the 160-year-old business include the sale of all or part of the business. It has recently gone through a rigorous restructuring, cutting costs by more than £10m.
Private equity firm Disruptive Capital had made an “unsolicited approach” to buy the company, Stanley Gibbons announced last Friday. Disruptive followed up on Monday morning with a statement to say it was “not making an offer”. An email from Disruptive was mistakenly interpreted as a takeover approach, hence the confusion.
The stamp seller has brought in broker finnCap to run a thorough strategic review of the business to review the options.
Established in 1856 by Edward Stanley Gibbons the business is the world’s longest running rare stamp trader. Its first shop was opened on The Strand in 1891, where it still trades, it also has sites in Hong Kong and Singapore.
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