Jessops

Business

We acquired a stake in the management buy-out of Jessops led by Bridgepoint in 1996. At the time of the buy-out, Jessops operated 70 stores across the UK with a heavy bias towards the Midlands region. The new MBO team pursued a development strategy characterised by the modernisation and consistent branding of the existing stores, more focused marketing of the Jessops brand and an aggressive store opening programme, which added a further 37 stores to the portfolio.

Divestment

We completed the €185 million divestment of Jessops to ABN AMRO Capital in 2002.

Silverfleet contact: Gareth Whiley