For successful e-commerce companies there hasn’t been a better time to sell than now.
Therefore, in light of the pending Cafepress IPO, the Spreadshirt investors are watching closely to measure out their exit potential. Spreadshirt CEO Philip Rooke confirmed this in a statement to Bloomberg:
"Spreadshirt’s Rooke said several buyers -- both private-equity firms and clothing companies -- have expressed interest in purchasing his business.
“We’ve had several interested parties that are currently in discussions with our shareholders,” Rooke said, without naming them. He also declined to provide details on the company’s finances, though he said Spreadshirt is profitable."
In the German market, there has been no shortage of businesses taking exits: Redcoon, Dress-for-less and Tradoria are recent examples. And not only are retailers getting sold, but also shopping system providers are also in exit/growth mode.
It will be interesting to see if Spreadshirt makes any kind of move in the run up to the K5 Conference. Spreadshirt’s investors from Accel Partners as well as CEO Philip Rooke are participating as speakers there.
Originally posted in German by Jochen Krisch, adapted for excitingcommerce.com by Jason Soo.
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