Owner of The Cotsworld Company acquired by True Capital for undisclosed sum

Wed, 05 Oct 2016 | BUSINESS SALE

Blackbird Retail Holdings, owner of The Cotswold Company, has been acquired by True Capital for an unknown sum.

The Cotswold Company, one of the largest online furniture sellers, was purchased by Blackbird Retail Holdings in 2009. It is anticipated that True Capital will lead the company and accelerate its online growth in addition to increasing its showroom footprint across the UK.

Currently, the company receives over 100,000 orders every year and generates annual revenues of £35 million. With the online retail furniture industry reaching double-digit growth in recent years and expected to maintain growth of 13 per cent until 2020, the new owners are keen to continue that trajectory.

To cover the acquisition, the Royal Bank of Scotland’s Corporate Transactions team helped provide the debt package as well as additional working capital lines. Gordon Segal, founder of US-based $1 billion turnover furniture company Crate&Barrel, will play a significant role in the acquired Blackbird Retail Holdings.

In a statement, Matt Truman, CEO, and co-founder of True Capital, said: “As a sector-specialist firm, we aim to invest in retailers of the future and utilise our unique retail and consumer ecosystem to help accelerate growth.

“In The Cotswold Company, we identified a strong business exposed to the right structural growth trends, with excellent financial metrics, driven and executed by exceptional founders and a world-class management team. Gordon Segal’s involvement in this acquisition is another great example of our sector ecosystem, and I am sure he will prove to be a fantastic asset for the company going forward.”

You can browse retail businesses for sale here.


Share this article



Latest Businesses for Sale

Day Spa
Manchester, UK Wide

A very reputable, award winning, day spa offering a selection of rejuvenating treatments is available in the bustling city of Manchester. Offers invited.

Asking Price: £315,000
Turnover: £600,000

LEASEHOLD


Automotive Repair Business
Gloucestershire, UK Wide

This is a longstanding automotive repair business in Gloucestershire, now available for an interested buyer to purchase. Offers invited.

Asking Price: £925,000
Turnover: £414,249

FREEHOLD


CNC Precision Engineering Firm
Isle Of Wight, UK Wide

A remarkable opportunity has emerged to acquire an established precision engineering business which has cemented solid foundations since it began trading in 1998. Offers invited.

Asking Price: £1,200,000
Turnover: £907,946

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
21
 
Apr
 

Cambridge artificial intelligence / machine learning company bought by customer | BUSINESS SALE

Early stage advanced data analysis company Rinocloud has bee...

 
19
 
Apr
 

Accountancy firm to expand in Scotland | BUSINESS SALE

A UK-based accountancy firm with offices peppered across the...

 
18
 
Apr
 

Recruitment firm acquires counterpart | BUSINESS SALE

Swindon-headquartered recruitment company Outsource UK has s...

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