Ideal Shopping agrees takeover

TV CHANNEL Ideal Shopping’s management is teaming up with the private equity group Inflexion to buy the company.

Ideal announced last year that it was reviewing its options.

It said yesterday that its independent directors have agreed a sale worth 220p a share with Bidco, a vehicle that brings together Ideal directors Mike Hancox and Ian Jebson with Inflexion. Inflexion’s current portfolio includes the clothing label Jack Wills. Ideal has been trading in line with expectations.