M&A Deal Summary

True Capital Acquires Blackbird Retail

On October 3, 2016, private equity firm True Capital acquired retailer Blackbird Retail

Acquisition Highlights
  • This is True Capital’s 2nd transaction in the Retail sector.
  • This is True Capital’s 3rd transaction in the United Kingdom.

M&A Deal Summary

Date 2016-10-03
Target Blackbird Retail
Sector Retail
Buyer(s) True Capital
Deal Type Buyout (LBO, MBO, MBI)
Advisor(s) Livingstone Partners (Financial)

Target

Blackbird Retail

Norfolk, United Kingdom
Blackbird Retail sells high-quality oak, pine, painted furniture, and accessories that handle over 100,000 orders every year from its 170,000 sq ft warehouse in Wednesbury. Blackbird Retail is based in Norfolk, United Kingdom.

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Buyer(S) 1

Buyer

True Capital

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2013
PE ASSETS 300M GBP
Size Middle-Market
Type Sector Focused
DESCRIPTION

True Capital is a private equity firm focused on opportunities in the retail and consumer sectors. True Capital looks to commit £10 to £40 million per transaction and seeks to leverage its network and operational expertise when considering investments. True Capital was formed in 2013 and is based in London.


DEAL STATS #
Overall 3 of 10
Sector: Retail M&A 2 of 2
Type: Buyout (LBO, MBO, MBI) M&A Deals 2 of 5
Country: United Kingdom M&A 3 of 7
Year: 2016 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-10-03 Cotswold

Norwich, United Kingdom

Cotswold is a retail furniture store. Cotswold sells high quality oak, pine, painted furniture and accessories. Cotswold was founded in 1997 and is based in Norwich, United Kingdom.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2018-07-22 Frugi

Cornwall, United Kingdom

Frugi is an ethical and organic children’s clothing brand that designs, manufactures, and sells sustainably-sourced organic cotton apparel and accessories for babies, children, and new mothers. Frugi was founded in 2004 and is based in Cornwall, United Kingdom.

Buy -