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
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