Shopping channel sold by private equity owners

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.


Share this article



Latest Businesses for Sale

Luxury Kennels & Cattery
Yorkshire and the Humber, UK

Luxury kennels and cattery with professional grooming parlour (licensed for 142 dogs and 26 cats) in Peterborough for Sale. An opportunity to acquire this luxury kennels and cattery with stunning spacious four bedroom detached residence which must be...

Asking Price: £1,500,000
Turnover: £522,542

LEASEHOLD


Haulage Business
South Wales, Wales, UK

The business has been established for a number of years and has been owned and operated by the founder since that date. Offers invited.

Asking Price: £850,000
Turnover: £2,595,443

FREEHOLD


Bar & Function Room
Ilkley, Yorkshire and the Humber, UK

Situated in the heart of Ilkley town centre just off the busy Brook Street. The yard is a stylish bar offering a wide range of drinks, good, quality food, music with varied DJ’s and live artists all encompassed in an interesting layout. Offers invite...

Asking Price: £775,000
Turnover: £600,000

FREEHOLD



View more businesses for sale

News Search

Latest News

 
22
 
Mar
 

Scunthorpe nightclub up for sale | BUSINESS SALE

A former nightclub based in Scunthorpe has been put up for s...

 
21
 
Mar
 

Kent Logistics provider completes a successful acquisition | BUSINESS SALE

A Kent-based personalised logistics provider, backed by Livi...

 
20
 
Mar
 

Warrington construction company enters administration | ADMINISTRATION

A prominent construction business headquartered in Orford Gr...

Free guide: 10 Biggest Buyer Mistakes

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

Email


Related News

 
15
 
Feb
 

Brand behind Britain's favourite sweets for sale | BUSINESS SALE

Some of the UK’s most beloved confectionery brands - i...

 
29
 
Jul
 

British software company bought by private equity firm | BUSINESS SALE

US private equity firm Great Hill Partners has bought Reward...

 
18
 
Mar
 

Sale of Center Parcs considered | BUSINESS SALE

The owners of the holiday resort group Center Parcs is once ...

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