Duff & Phelps Advised Blackstone on its Acquisition of Ideal Shopping Direct
In September 2015, investment firm Blackstone announced the acquisition of Ideal Shopping Direct, a leading independent multi-channel retailer, for an undisclosed consideration.
The transaction is expected to close later this year and is subject to usual closing conditions and regulatory approvals.
Transaction RoleDuff & Phelps was engaged by Blackstone to provide corporate finance advice on their acquisition of Ideal Shopping Direct.
Through their significant experience of both the business and the broader retail sector, Duff & Phelps’ consumer team provided high quality advice and drove a competitive auction process.
TestimonialRobert Ramsauer, Managing Director at Blackstone, commented: “We are delighted to be making this investment and support Ideal Shopping Direct to execute its growth plan. It has been great working with the Duff & Phelps team who gave us terrific support during the process.”
Henry Wells, Managing Director at Duff & Phelps, commented: “We have very much enjoyed working with Blackstone and they will make excellent investors in Ideal Shopping Direct with their international reach and access to financial and human capital. The business is one that I have known and worked with for many years, which has a great management team, and I am sure that the business will go from strength to strength with their new partners.”
About Ideal Shopping DirectIdeal Shopping Direct operates live and pre-recorded channels across all the major UK TV platforms; Sky, Freeview, Virgin Media and Freesat. Its two principal divisions are Create & Craft and Ideal World.
Ideal Shopping Direct delivers a dynamic shopping experience selling specialty craft products to dedicated crafting hobbyists as well as home, leisure, health, beauty and fashion products. Create & Craft is the only dedicated channel to sell specialist craft products and operates live 12 hours a day.