The Commission for the Protection of Competition received a notification of a proposed concentration regarding the acquisition of the issued share capital of Ideal Shopping Ltd and its share capital that will be issued by Blackstone Group L.P. (hereinafter: ‘’Blackstone’’) through Duke Bidco Ltd (hereinafter: «Duke Bidco»).
Blackstone is a company listed on New York’s stock exchange The Company manages investments and acts as a global alternative asset manager and provider of financial advisory services.
Duke Bidco is a limited liability company, duly registered under the laws of the UK. The company is controlled by investment funds associated with Blackstone.
Ideal Shopping is a company duly registered under the laws of UK. It is the holding company of Ideal Shopping Direct Ltd (hereinafter referred with its subsidiaries as the «ISD»). ISD is a multi-channel home-shopping retailer which sells its products through web pages, electronic applications and TV channels. ISD sells a wide range of goods including products for home, garden, kitchen and technology goods, health and beauty products as well as craft products.