Ideal Shopping Direct, a subsidiary of AURELIUS Equity Opportunities, sells its Ideal World chain

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DGAP-News: AURELIUS Equity Opportunities SE & Co. KGaA / Keyword(s): Sale
17.02.2022 / 07:30
The issuer is solely responsible for the content of this announcement.

Ideal Shopping Direct, a subsidiary of AURELIUS Equity Opportunities, sells its Ideal World chain

Munich, February 17, 2022 – Ideal Shopping Direct, a subsidiary of AURELIUS Equity Opportunities SE & Co. KGaA (ISIN: DE000A0JK2A8), has sold its remaining business of TV and web channels as Ideal World , to a British entrepreneur and investor Hamish Morjaria. This transaction completes the output for AURELIUS. Financial terms of the deal remain unknown. The transaction was finalized on February 15. In January, AURELIUS had sold the TV and web channels under the name of Create & Craft.

Ideal World is a multi-channel home shopping provider broadcasting 24 hours a day on terrestrial and satellite televisions across the UK, as well as via online channels. The channel also broadcasts 3 hours a day on one of the UK’s most popular television channels, ITV, and on STV. Additionally, Ideal World hosts an e-commerce store, Ideal World Online, with all products available for purchase through its website: www.idealworld.tv. With over 600,000 customers, Ideal World specializes in lifestyle products including home, leisure and fashion. The company is based in Peterborough, UK, where it has dedicated facilities for the production and transmission of shows alongside its distribution centre.

Hamish Morjaria is a British entrepreneur and investor, currently Chairman of on-site payment solutions company and technology disruptor, FETCH GROUP. Mr. Morjaria has over 20 years of experience in leadership positions in technology, distribution, wholesale and retail globally.

ABOUT AURELIUS

AURELIUS Group is a pan-European asset management group with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg.

The main investment platforms are its fund AURELIUS European Opportunities IV as well as the listed company AURELIUS Equity Opportunities SE & Co. KGaA (“AEO”; ISIN: DE000A0JK2A8), which acquire corporate carve-outs and companies with potential development in the middle market (funds) and the small and medium-sized enterprise (AEO) sector. The central element of the investment strategy is the operational support of its portfolio companies with a team of almost 100 in-house experts from the operational working group. AURELIUS Group also operates in the areas of development capital, real estate opportunities and debt. With its charity AURELIUS Refugee Initiative eV, AURELIUS provides comprehensive support to refugees on their way to a better life.

For more information, visit www.aurelius-group.com

CONTACT
AURELIUS Group
Investor Relations and Corporate Communications
Telephone: +49 (89) 544799 – 0
Fax: +49 (89) 544799 – 55
Email: [email protected]

17.02.2022 Broadcast of a Corporate News, transmitted by the DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this announcement.

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