Hobbycraft
Acquired: August 2024
Location: Bournemouth
Industry: Arts & Crafts
Hobbycraft is a business with fantastic potential, boasting a highly experienced management team, truly passionate store colleagues and real authority in a sector on the High Street that continues to grow and is set to do so in the future. We look forward to accelerating the team’s growth strategy through investment in the physical footprint of the Group, displaying a real commitment to bricks and mortar retail, and by enhancing the returns generated from their existing sales channels, including their growing online business.- Joseph Price, Managing Director at Modella
Project Information
Modella Capital has announced its acquisition of Hobbycraft, the largest arts and crafts retailer in the UK. Bridgepoint, a listed international alternative asset manager specialising in private equity, infrastructure and private credit, has exited its investment.
Founded in Bournemouth in 1995 and acquired by Bridgepoint in 2010, Hobbycraft has grown to a nationwide business with over 2,000 colleagues, 124 stores across the UK and an online club with over 7 million members. It has consistently grown its profits since the Covid pandemic and is a proud and regular member of the Best Companies Awards, winning #2 Best Big Company to Work For in 2023, and awarded three-star ‘World Class’ status earlier this year for the fifth time. Hobbycraft achieved sales of £216million in FY 2024 and Adjusted EBITDA of £10.4m.
