Moonpig, a UK-based online greeting card retailer, is close to securing a $491 million investment from U.S. private equity firm KKR & Co. Inc., according to people familiar with the matter. The deal would value Moonpig at about $1.3 billion and give KKR a minority stake in the company, the people said, asking not to be identified because the discussions are private. ukbased moonpig 491m ipogopinathbloomberg
Moonpig, a UK-based online greeting card company, has been valued at £491 million ($627 million) in its latest funding round. This makes it one of the most valuable private tech companies in Britain. Moonpig was founded in 2000 and allows users to personalize cards with their own photos and messages. The company has been profitable since 2004 and is backed by investors including Balderton Capital and Highland Capital. ukbased moonpig 491m ipogopinathbloomberg
In 2010, Moonpig was founded in the U.K. as an online greeting card service. By 2018, it had become the leading independent digital retailer in the country. In June 2019, Moonpig announced it had agreed to be acquired by Photobox Group PLC for £491 million (US$627 million).
