ABG Corporate Finance advised the shareholders of Historic Newspapers on its sale to private equity-backed Wonderbly. Financial terms of the transaction have not been disclosed.
Historic Newspapers owns the largest private archive of original British newspapers in the world, some of which date back to 1685. Historic Newspapers operates a leading commemorative gifts website, selling original newspapers from specific dates alongside personalised books themed to commemorate birthdays, sports teams and historic events.
Wonderbly is predominantly known for its personalised children’s books. The acquisition of Historic Newspapers widens the age range of its target audience as part of its continued growth strategy. This trade sale has enabled founding members of Historic Newspapers to realise shareholder value.
Kevin Spindler, founder and CEO of Historic Newspapers, said: “Eleanor and her team were fantastic at steering us through the complexities of the transaction. We couldn’t have done it without them.”
Eleanor Wilkinson, Partner, who led the ABG Corporate Finance team, commented: “I’m so pleased we were able to deliver a clean exit for Kevin and Mike whilst also securing a good home for the business in Wonderbly.”