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.
The company provides comprehensive plumbing and heating services, specialising in installations, servicing, and maintenance for domestic clients and construction companies.
Offered for sale is a highly reputable glass processing business offering a complete in-house service, ensuring consistent quality, reliability, and efficiency for commercial and private customers. The company works with all types of glass and relate...
The company’s suite of full-service marketing solutions includes, but is not limited to, branding, literature creation, motion graphics, digital content, and website development. The business has cultivated a diverse, multinational client network tha...
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.