Kingstown is a retail mail order company operating 7 catalogue brands, with catalogues mailed to a customer database of 1.4 million. The main brands are Health Living Direct, Inspired Choices and Housewares Direct and contribute towards an anticipated turnover of £14 million in 2008.
Strategic Corporate Finance acted as lead deal advisers in the disposal of Kingstown Associates Limited. We were appointed to find a buyer for the owners of the eight year old company as the current major shareholder and company founder sought to realise his investment. We led the transaction which attracted significant interest from the big PLC listed mail order companies, but the preferred bidder was a Buy-In team, led by Nigel Mellor and colleagues, who was formerly Managing Director of Damart UK.