24.07.2018
AURELIUS Equity Opportunities SE & Co. KGaA DE000A0JK2A8
DGAP-News: AURELIUS acquires Ideal Shopping Direct
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Key word(s):
Takeover
AURELIUS acquires Ideal Shopping Direct
24.07.2018 / 12:45
The issuer is solely responsible for the content of this announcement.
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Press release
AURELIUS acquires Ideal Shopping Direct
Munich/London 24 July 2018 - AURELIUS Alpha Limited, a subsidiary of
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN DE000A0JK2A8) ("AURELIUS"
or "the Group"), the listed pan-European mid-market investor, today
announces its acquisition of Ideal Shopping Direct ("ISD" or "the company"),
one of the UK's leading multi-channel home shopping retailers, from
Blackstone. Financial terms of the deal were not disclosed.
With over 600,000 customers and FY17 revenues of £145 mn, Ideal Shopping
Direct sources, designs and sells lifestyle and crafting products to
consumers via a variety of dedicated interaction channels including TV
shopping channels, social media platforms, websites and live events. The
company has two flagship channels, Ideal World and Create & Craft which
deliver video content across both the UK and the US. ISD employs c.800
people and is headquartered in Peterborough where it has dedicated
facilities for the production and transmission of its shows as well as the
creation and distribution of products to customers.
Following the acquisition, Aurelius will work alongside the company's
existing management team to implement a transformation programme focused on
driving operational improvement at the business, boost its UK brand
recognition and enhance the breadth and quality of its customer offering.
Tristan Nagler, UK Managing Director of AURELIUS, commented: "Ideal Shopping
Direct is a dynamic company with a loyal customer base, established
infrastructure and strong position in two distinct and growing markets
within TV shopping; craft and general merchandise, presenting a compelling
investment opportunity for Aurelius. We look forward to working alongside
ISD's experienced management team to provide the operational and financial
support needed to help the business meet its potential."
Bill Adams, CEO of ISD, said: "We are very pleased to be partnering with
Aurelius, an investor with proven experience in the craft, TV shopping and
omni-channel retail space. Its operational expertise and hands-on approach
will significantly benefit ISD as we seek to reposition our business and
achieve our growth objectives going forward."
ABOUT AURELIUS
AURELIUS Group is a pan-European investment group with offices in Munich,
London, Stockholm and Madrid. Since it was founded in 2006, AURELIUS has
grown from a local turnaround investor to an international multi-asset
manager investing in a wide range of sectors and across the capital
structure.
AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8, Ticker
Symbol: AR4) represents the listed entity within the AURELIUS Group that
focusses on investing in special situations and mid-market transaction
opportunities. AURELIUS Equity Opportunities currently has 21 portfolio
companies located across Europe which employ around 20,000 people and
generate annual revenues of more than EUR 3.5 billion. The shares of
AURELIUS Equity Opportunities are traded on all German stock exchanges. The
company's market capitalization is approximately EUR 1.6 billion (as of July
2018).
With its group charity AURELIUS Refugee Initiative e.V., AURELIUS provides
comprehensive support for refugees on their way towards a better life.
To find out more, visit www.aureliusinvest.de
CONTACT
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
Contact:
AURELIUS Group
Anke Banaschewski
Investor Relations & Corporate Communications
Phone: +49 (89) 544799-0
Fax: +49 (89) 544799-55
E-Mail: [email protected]
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24.07.2018 Dissemination of a Corporate News, transmitted by DGAP - a
service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.
The DGAP Distribution Services include Regulatory Announcements,
Financial/Corporate News and Press Releases.
Archive at www.dgap.de
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Language: English
Company: AURELIUS Equity Opportunities SE & Co. KGaA
Ludwig-Ganghofer-Straße 6
82031 Grünwald
Germany
Phone: +49 (0)89 544 799-0
Fax: +49 (0)89 544 799-55
E-mail: [email protected]
Internet: www.aureliusinvest.de
ISIN: DE000A0JK2A8
WKN: A0JK2A
Listed: Regulated Unofficial Market in Berlin, Frankfurt, Hamburg,
Munich (m:access), Stuttgart, Tradegate Exchange
End of News DGAP News Service
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707389 24.07.2018
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