Nexus Capital Management acquired FTD for $111m.

Nexus Capital Management, a Los Angeles-based private equity firm, acquired FTD, one of the largest and most trusted online florist and gift companies in the world, for $111m. Damian Giangiacomo, Partner at Nexus, said, "Nexus invests in leading companies and management teams across industries. With FTD, we see strong long-term potential in the company's brand, digital platform, and global network of over 30k florists across more than 125 countries. We have established a new capital structure and strategic plan designed to renew growth and profitability, which will rapidly enable investments in FTD's network of florists and digital platforms to build on the Company's heritage."