BlueGem takes majority stake in Mamas & Papas
BLUEGEM, the private equity firm behind London’s Liberty department store, has taken a majority stake in Yorkshire nursery firm Mamas & Papas.
The previously 100% family-owned Huddersfield-based firm operates in the UK through its own stores, department stores, and specialist independent retailers, selling more than 3,000 own-design products, and sells products in 59 countries.
It recently announced a 118 store rollout in China.
Mamas & Papas was founded more than 30 years ago by the husband and wife David and Luisa Scacchetti.
Their daughters Olivia and Amanda are on the management team.
Mr Scacchetti said: “The directors believe that this is the right step for the company and will help us achieve our aim of becoming the world’s favourite nursery brand. BlueGem are a very well-respected private equity firm and have a great track record of working with expanding businesses such as ours, providing both investment and advice. Over the next few months the directors will be working closely with BlueGem to create a new plan for the future that will enable us to accelerate our global expansion plans.”
Marco Capello, managing partner of London-based BlueGem said: “We are thrilled to support the Mamas & Papas team in continuing their quest to become the world’s favourite nursery brand. Mamas & Papas has always been a quality, premium brand and a haven for expectant parents.”
