Information on the target
World of Books is a prominent UK-based online re-seller of second-hand books, founded in 2008 and headquartered in Goring-by-Sea, West Sussex. The company operates within the re-commerce sector, focusing on the sale of used books while promoting sustainability and responsible consumption. With a commitment to championing literacy and reducing carbon emissions, World of Books has positioned itself as a socially responsible business aligned with the UN Sustainable Development Goals.
The management team, led by CEO Graham Bell, has emphasized the company's mission to make books more accessible and to encourage the promotion of used goods. This purpose-driven approach not only supports environmental sustainability but also fosters a culture of literacy and education, making World of Books a unique player in the consumer sector.
Industry overview in the target’s specific country
The UK re-commerce market has experienced significant growth in recent years, driven by increasing consumer awareness of sustainability and the environmental impact of waste. As more individuals seek to reduce their carbon footprint, the demand for second-hand goods, particularly books, has surged. This trend is further supported by a cultural shift towards valuing sustainability and responsible consumption among consumers.
Moreover, the rise of e-commerce has facilitated the accessibility of second-hand goods, allowing companies like World of Books to reach a broader audience. The convenience of online shopping combined with the growing popularity of used books has created a favorable environment for re-commerce businesses. This sector is expected to continue expanding as consumers increasingly prioritize eco-friendly purchasing habits.
In addition, the UK government has been actively promoting initiatives aimed at enhancing literacy and education, which aligns with World of Books' mission. Programs that encourage reading and provide access to books are becoming more prevalent, creating a supportive backdrop for companies that focus on making literature accessible to all. This synergy between government initiatives and consumer trends positions World of Books favorably within the industry.
The rationale behind the deal The acquisition of World of Books by Livingbridge represents a strategic alignment of values and objectives. Livingbridge, a leading mid-market private equity investor in the UK, has demonstrat…