CVC Credit is pleased to have provided the debt facilities to support Livingbridge's acquisition of World of Books ("Wob"). CVC Credit will support the organic and acquisitive growth strategy for the company.
Founded in 2008, Wob is the UK's leading online re-commerce business primarily focussed on the global resale of used books. The business sells its books in over 180 countries via its own site www.worldofbooks.com as well as through c.30 other global online market places, including eBay and Amazon.
Neale Broadhead, Partner at CVC Credit, said: "World of Books has a market-leading presence in a rapidly growing market, which is underpinned by changing consumer habits. The company's experienced leadership team, has developed a highly scalable and sustainable platform to support future growth and we are pleased to be able to be support the next phase of their development."
Susie Stanford, at Livingbridge commented: "Livingbridge is delighted to be supporting World of Books in this exciting next chapter of its growth. As the largest reseller and recycler of books in the UK, the business has already supported many UK charities and literacy causes, as well as allowing millions of book readers to discover great quality used books."