Nexus Capital Management Acquires FTD's Consumer and Florist Businesses

August 23, 2023

An affiliate of Nexus Capital Management LP acquired FTD's consumer and florist businesses, including the FTD and ProFlowers brands and the FTD florist network, taking the company private. Nexus established a new capital structure to strengthen FTD's balance sheet and invest in its digital platform, brand, and network of florists; Jeff Clarke was named Executive Chairman.

Buyers
Nexus Capital Management LP
Targets
FTD
Sellers
FTD Companies, Inc.
Industry
E-Commerce
Location
Illinois, United States
Transaction Type
Buyout

Explore More

Related Acquisitions

Track M&A activity that matters to you

Get real-time deal alerts, build buyer lists with AI, and access our full acquisition database. Start your free trial today.