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.
Offered for sale is reputable and long established company specialising in the sale and installation of high quality woodburning and multifuel stoves, gas, electric and bioethanol fires for the domestic heating market. The business is an accredited H...
The company is a provider of scaffolding hire and erection services, catering to a diverse client base in South East England. The company covers a range of projects, including domestic and commercial properties, listed buildings and sites with restri...
This well-regarded and relocatable health food business has now come to the open market. Since its establishment in 2021, the business has acquired a great reputation amongst its customers, known for its quality service and friendly staff. Both its l...
RELOCATABLE
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.