Bluegem Capital to acquire Mamas & Papas Retail.

Bluegem Capital Partners, a private equity firm is set to acquire British nursery retailer Mamas & Papas Retail. Financial terms were not disclosed. The retailer was sold through a pre-pack administration to Bluegem Capital Partners, which ultimately owned the parent company Mamas & Papas Group. A pre-pack administration enables the company to sell itself or its assets before it appoints administrators who take over the running of the business to protect creditors. "Mamas & Papas would continue to review its store portfolio in the light of changing shopper behaviour but remained fully focused on maintaining our position as the UK’s most popular nursery brand," Riccardo Cincotta, Mamas & Papas Executive Chairman.