BRS & Co. and Palladin Consumer Retail Partners sold InMotion Entertainment Group to WH Smith PLC for $198m

BRS & Co. and Palladin Consumer Retail Partners sold InMotion Entertainment Group, the market leading airport-based digital accessories retailer in the US, to WH Smith PLC, a British retailer, headquartered in Swindon, Wiltshire, for $198m. InMotion will continue to operate as a standalone business as part of WH Smith's international travel business and be led by InMotion's senior management team headed by Jeremy Smith, its CEO of 12 years. Stephen Clarke, Group Chief Executive of WH Smith, commented: "InMotion is a highly successful pure play travel retailer in the world's largest travel retail market. The acquisition of InMotion is an exciting value creation opportunity for the WH Smith Group and marks a major step in our international travel retail growth strategy."