QBD The Bookshop

Overview

QBD ï¿½ The Bookshop (the �Company�), a privately owned business, is one of the largest book retailers in Australia with 56 stores as well as an online store. 

333 Capital was selected to advise the Shareholders on its sale process in February 2016, based on 333 Capital�s:

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• understanding of the Australian retail market including likely buyers
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• trusted expertise in maximising value in a difficult industry
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• proven adaptability in progressing towards a successful transaction.
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Our approach

333 Capital ran a comprehensive sale process including:

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• preparation of sale documents and a financial model
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• putting together a new management team to lead the Company post sale
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• sourcing a syndicate of high quality and credible investors to maximise value for the client
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• providing the infrastructure and support to facilitate due diligence including running the data room and all aspects of QA
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• engaging in negotiations on all aspects of the deal on behalf of the client including reps and warranties, adjustments to purchase price and overseeing the achievement of a number of CPs.
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Outcome

The process led to a successful sale of the Company, for approximately $50 million. This represented a very sound price in a difficult industry and exceeded the client�s price expectations.