Quercus Corporate Finance is delighted to announce the sale of M&G Presents Limited (trading as Qwerkity), to The Book People.
The Quercus team advised the shareholders of M&G Presents Limited (trading as ‘Qwerkity’) on the sale of the company to The Book People. The Book People is backed by private equity and prior to this acquisition had already expanded its range beyond books alone to toys, gifts and stationery.
Financial details have not been disclosed.
Qwerkity started life in 1989 as Presents for Men when the founder, Jane Hudson, noticed that it was difficult to find unusual, good quality and inexpensive presents for the male members of her family. Over the years the business has grown considerably, becoming one of the foremost mail order gift companies in the UK selling gifts for men, women and children as well as practical products for the house, garden and travel. In 2014, Presents for Men was rebranded Qwerkity to reflect this broader offering.
The owners Jane and Norman Hudson said:
"Quercus got to know and understand the details of our business intimately and they guided us in how to present it to potential purchasers. They supported and steered us through the sale process, which was much more bumpy than we had imagined. Their hard work and determination has resulted in us being able to retire.”