Modella Capital completed the acquisition of Hobbycraft from Bridgepoint.

Modella Capital, a specialist retail and consumer investment boutique, completed the acquisition of Hobbycraft, an arts and crafts superstore retail chain operator, from Bridgepoint, a private equity firm. Financial terms were not disclosed. “We look forward to accelerating the team’s growth strategy through investment in the physical footprint of the group, displaying a real commitment to bricks and mortar retail, and by enhancing the returns generated from their existing sales channels, including their growing online business," Joseph Price, Modella Capital Managing Director.