Specialist Retail Investment Boutique Takes Over Nationwide Business
- Modella Capital acquires Hobbycraft from Bridgepoint
- Hobbycraft is the largest arts and crafts retailer in the UK with over 124 stores and an online club of 7 million members
- Hobbycraft achieved sales of £216m in FY 2024 and Adjusted EBITDA of £10.4m
- Modella Capital has extensive retail knowledge and experience to support Hobbycraft’s growth strategy
- CEO Dominic Jordan expresses confidence in the partnership with Modella Capital for future success
Privately-owned specialist retail investment boutique Modella Capital has acquired the largest arts and crafts retailer in the UK, Hobbycraft, from majority investor Bridgepoint for an undisclosed sum. Founded in Bournemouth in 1995 and acquired by Bridgepoint in 2010, Hobbycraft has grown to a nationwide business with over 2,000 colleagues and 124 stores across the UK and an online club with over 7 million members. The company achieved sales of £216m in FY 2024 and Adjusted EBITDA of £10.4m. Modella Capital is a private investment boutique established to offer growth solutions for retail organisations. With its extensive retail knowledge and experience, it said it is ‘uniquely placed’ to support Hobbycraft with its growth strategy. CEO Dominic Jordan expressed his delight at the partnership, stating that Modella Capital has a ‘shared vision and cultural values,’ while Joseph Price, MD at Modella Capital, highlighted the business’s potential for growth through investment in physical footprint and online sales channels.
Factuality Level: 10
Factuality Justification: The article provides accurate information about the acquisition of Hobbycraft by Modella Capital from Bridgepoint, details about Hobbycraft’s growth and performance, and quotes from key figures involved in the transaction. It does not contain any irrelevant or misleading information, sensationalism, redundancy, opinion masquerading as fact, bias, invalid arguments, logical errors, inconsistencies, or fallacies.
Noise Level: 3
Noise Justification: The article provides relevant information about a company acquisition and growth potential in the arts and crafts retail sector without any irrelevant or misleading content. It also includes quotes from key stakeholders and highlights the positive aspects of the deal. However, it does not delve into long-term trends or possibilities, hold powerful people accountable, provide scientific rigor, stay on topic, support claims with evidence, or offer actionable insights.
Financial Relevance: Yes
Financial Markets Impacted: The acquisition of Hobbycraft by Modella Capital may impact the stock prices of both companies involved as well as the retail sector in general.
Financial Rating Justification: This article discusses a significant business transaction between two companies, with one company acquiring another. The financial performance and growth potential of Hobbycraft are mentioned, which could affect the market value of both companies and the retail industry.
Presence Of Extreme Event: No
Nature Of Extreme Event: Other
Impact Rating Of The Extreme Event: No
Extreme Rating Justification: No extreme event mentioned in the text.
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