17.02.2022 07:30:07
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DGAP-News: AURELIUS Equity Opportunities subsidiary Ideal Shopping Direct sells its channel Ideal World
DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA
/ Key word(s): Disposal
AURELIUS Equity Opportunities subsidiary Ideal Shopping Direct sells its channel Ideal World Munich, February 17, 2022 - Ideal Shopping Direct, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), has sold its remaining business, being the TV and web channels trading as Ideal World, to British entrepreneur and investor Hamish Morjaria. This transaction concludes the exit for AURELIUS. The financial terms of the deal remain undisclosed. The transaction completed on 15 February. In January, AURELIUS had sold the TV and web channels trading as Create & Craft. Ideal World is a multi-channel home shopping provider that is broadcasting 24 hours a day on terrestrial and satellite televisions across the United Kingdom, as well as via online channels. The channel is also broadcasting for 3 hours a day on one of the UK's most popular television channels, ITV, and on STV. Furthermore, Ideal World hosts an e-commerce shop, Ideal World Online, with all products available for purchase via its website: www.idealworld.tv. With over 600,000 customers, Ideal World specialises in lifestyle products including home, leisure and fashion. The business is based in Peterborough, UK, where it has dedicated facilities for show production and transmission, alongside its distribution centre. Hamish Morjaria is a British entrepreneur and investor, being currently the Chairman of on-premises payment solution company and tech disruptor, FETCH GROUP. Mr Morjaria has over 20 years' experience in senior leadership roles in global technology, distribution, wholesale and retail business. Key investment platforms are its AURELIUS European Opportunities IV fund as well as listed AURELIUS Equity Opportunities SE & Co. KGaA ("AEO"; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with development potential in the mid-market (fund) and lower mid-market sector (AEO). The investment strategy's core element is operational support of its portfolio companies with a team of almost 100 in-house operating taskforce experts. AURELIUS Group also operates in the areas of growth capital, real estate opportunities and debt. 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.aurelius-group.com CONTACT
17.02.2022 Dissemination of a Corporate News, transmitted by DGAP - a service of EQS Group AG. |
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: | info@aureliusinvest.de |
Internet: | www.aureliusinvest.de |
ISIN: | DE000A0JK2A8 |
WKN: | A0JK2A |
Listed: | Regulated Unofficial Market in Berlin, Frankfurt, Hamburg, Munich (m:access), Stuttgart, Tradegate Exchange |
EQS News ID: | 1281514 |
End of News | DGAP News Service |
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1281514 17.02.2022
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