M&A Deal Summary

Nexus Capital Management Acquires FTD

On August 23, 2019, private equity firm Nexus Capital Management acquired e-commerce company FTD for 95M USD

Acquisition Highlights
  • This is Nexus Capital Management’s 1st transaction in the E-Commerce sector.
  • This is Nexus Capital Management’s 3rd largest (disclosed) transaction.
  • This is Nexus Capital Management’s 3rd transaction in the United States.
  • This is Nexus Capital Management’s 1st transaction in Illinois.

M&A Deal Summary
Date 2019-08-23
Target FTD
Sector E-Commerce
Buyer(s) Nexus Capital Management
Deal Type Special Situations/Distressed
Deal Value 95M USD

Target

FTD

Downers Grove, Illinois, United States
website
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.
Entrance to FTD's corporate headquarters in Downers Grove, Illinois.
FTD provides floral, specialty foods, gift and related products and services to consumers, retail florists, and other retail locations and companies in need of floral and gifting solutions. FTD's portfolio of brands includes proFlowers, proplants, shari’s berries, personal creations, redEnvelope, cherry moon farms, flying flowers, flowers direct, sesame, ink cards, postagram, and Gifts.com. FTD was founded in 1910 and is based in Downers Grove, Illinois.

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Buyer(S) 1

Buyer

Nexus Capital Management

website

Category Private Equity Firm
Founded 2013
Size Small
Type Sector Agnostic
DESCRIPTION

Nexus Capital Management is an opportunistic debt and equity investment firm. Nexus looks to invest $50 to $300 million to support a variety of situations, including corporate partnerships, acquisitions, or liquidity financings. Sectors of interest include industrials, consumer, retail, food/beverages, services, education, and distribution. Nexus Capital Management was formed in 2013 and is headquartered in Los Angeles, California.

DEAL STATS #
Overall 3 of 12
Sector (E-Commerce) 1 of 1
Type (Special Situations/Distressed) 1 of 2
State (Illinois) 1 of 1
Country (United States) 3 of 12
Year (2019) 3 of 4
Size (of disclosed) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-18 Savvas Learning

Paramus, New Jersey, United States

Savvas Learning is a market leader in the U.S. K-12 curriculum market, offering a full suite of products across the core literacy, math, science and humanities disciplines. Its portfolio of comprehensive curriculum programs allows the business to compete across the entire U.S. through its large salesforce that covers 15,000 school districts with over 40 million students. Savvas Learning is based in Paramus New Jersey.

Buy $250M
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-12-27 TOMS

Culver City, California, United States

TOMS designs and sells lightweight shoes and other products worldwide. The company’s mission-driven business model is focused on helping and advancing health, education and economic opportunities for children and their communities around the world. TOMS was founded in 2006 and is based in Culver City, California.

Buy -
Mergr

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