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

Consulting Engineers Focused on the Built Environment
London, UK

Unusual opportunity to acquire this national and well established, full service Mechanical & Electrical consulting engineering company. Offers invited.

Asking Price: £2,700,000
Turnover: £5,800,000

LEASEHOLD


Freight Brokerage Services
UK Wide

Works with a network of reliable hauliers to provide comprehensive and reliable logistics solutions on a national basis. Offers invited.

Asking Price: Offers Invited
Turnover: £420,000

RELOCATABLE


Food Manufacturer Specialising Flatbread Products
North of England, UK Wide

Has established a prominent position with clients in its industry due to its prestigious portfolio. Operates from two leasehold premises. Offers invited.

Asking Price: Offers Invited
Turnover: £671,000

LEASEHOLD



View more businesses for sale

News Search

Latest News

 
23
 
May
 

Fintech company Loot collapses into administration | ADMINISTRATION

After failing to secure further backing from the Royal Bank ...

 
22
 
May
 

Spike in M&A activity in the education sector | BUSINESS SALE

In recent months, the education sector in the UK has witness...

 
22
 
May
 

Jamie Oliver restaurant empire collapses into administration | ADMINISTRATION

Celebrity chef Jamie Oliver, who shot to fame after campaign...

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