London – 28th January 2016 – Photobox Group, Europe’s leading digital consumer service for personalised products and gifts, with flagship brands PhotoBox, Moonpig, Hofmann and posterXXL, is pleased to announce its sale to Exponent Private Equity (“Exponent”) and Electra Partners1 has completed.
Exponent and Electra Private Equity PLC2 will replace, both as owners and board members, the current longstanding shareholders, creating a new simplified and committed shareholder structure.
Commenting on the deal, Photobox Group Chief Executive Officer, Stan Laurent, said:
“I’m pleased to welcome Exponent and Electra as shareholders of the Photobox Group to continue the successful expansion of our leading services for consumers to make personalised products.”
1 Electra Partners refers to Electra Partners LLP, acting on behalf of its client Electra Private Equity PLC
2 Electra Private Equity PLC is the listed private equity investment trust of which Electra Partners is Manager