Book People buy-out worth £10-£20m

Book People buy-out worth £10-£20m

Endless LLP has invested between £10m-£20m for co-founder Ted Smart's share of The Book People, The Bookseller understands.

The company's other co-founder, Seni Glaister, led a management buy-out of the company from Smart yesterday (15th September), backed by venture capital company Endless LLP. 

Endless also owns chain discount bookseller The Works and bought and sold British Bookshops and Stationers and the Book Club Associates, although this deal is entirely separate from The Works.

Glaister and Endless are now the major shareholders in the mail order and online bookseller, with ...

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